US Sanctions Dubai Crypto Exchange Over Ties to Iran's IRGC
The United States has imposed sanctions on a Dubai-based cryptocurrency exchange for allegedly aiding Iran's Islamic Revolutionary Guard Corps.
The United States government has placed sanctions on a Dubai-based cryptocurrency exchange following reports that the firm provided financial and logistical support to Iran's Islamic Revolutionary Guard Corps (IRGC).
The punitive measures target the digital asset platform's operations and associated entities, restricting access to the US financial system. The action follows an investigation and reporting by Reuters detailing the exchange's involvement in facilitating transactions linked to Iranian state-backed networks.
US authorities continue to scrutinize the use of digital assets and offshore financial hubs in circumventing international sanctions and funding regional military operations.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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