US Sanctions Crypto Exchanges Tied to Iran's Illicit Finance

The US Treasury Department's Office of Foreign Assets Control has taken action against digital asset exchanges that it claims are being used by the Iranian government to launder billions of dollars and support the Islamic Revolutionary Guard Corps.

The sanctions target these exchanges for enabling illicit finance, providing covert access to international financial systems, and maintaining a significant presence in Iran.

No specific details on the affected exchanges or their alleged involvement with the Iranian government were provided. However, this move follows the US Treasury's efforts to curb illicit activities in the crypto space.