US Slaps Sanctions on Iran-Linked Crypto Exchanges Shelbit and Aban Tether

The U.S. government has imposed sanctions on two Iran-linked cryptocurrency exchanges, Shelbit and Aban Tether.

According to reports, the Office of Foreign Assets Control (OFAC) has added the exchanges to its list of blocked persons, effectively freezing their assets in the United States.

The move is part of a broader effort by the U.S. government to crack down on entities linked to Iran's nuclear program and other illicit activities.

The sanctions are aimed at preventing Shelbit and Aban Tether from accessing the U.S. financial system, effectively cutting them off from global trade and commerce.