US Sanctions Two Crypto Exchanges for Alleged Support of Iranian Revolutionary Guard

The US Department of the Treasury has imposed sanctions on two major cryptocurrency exchanges for allegedly helping Iran's Islamic Revolutionary Guard Corps (IRGC) circumvent international sanctions.

According to a report, the Treasury claims that these exchanges have helped generate millions of dollars in revenue for Iran by facilitating transactions that avoid international restrictions.

The exact details of how this support was provided and the extent of the financial assistance are not specified in the report.