U.S. Targets Crypto Exchanges Linked to Iran with Sanctions

For the first time, the U.S. government has enacted sanctions against crypto exchanges associated with Iran, highlighting serious security concerns.

In a significant move, the United States has imposed sanctions on cryptocurrency exchanges with ties to Iran, marking the first instance of such action. These exchanges have been accused of enabling transactions for the Islamic Revolutionary Guard Corps (IRGC), an entity that has faced scrutiny for its roles in various international issues.

Moreover, these platforms are connected to an Iranian businessman who has previously been convicted of embezzlement, raising red flags regarding their operations. The sanctions aim to curb the financial activities that potentially support malicious actions associated with the IRGC.