US sanctions Dubai crypto exchange for aiding Iran’s Revolutionary Guards
The United States has sanctioned a Dubai-based cryptocurrency exchange over allegations that it helped facilitate financial activity linked to Iran’s Islamic Revolutionary Guard Corps. The action reflects Washington’s continued use of…
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- US authorities accused the Dubai crypto exchange of aiding transactions connected to Iran’s Revolutionary Guards.
- The sanctions can restrict the exchange’s access to the US financial system and deter international counterparties.
- The case highlights increased enforcement scrutiny of crypto platforms’ sanctions-compliance controls.
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The United States has sanctioned a Dubai-based cryptocurrency exchange over allegations that it helped facilitate financial activity linked to Iran’s Islamic Revolutionary Guard Corps. The action reflects Washington’s continued use of sanctions to target crypto services it says support sanctioned Iranian entities.
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Originally reported by The Times of Israel
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