In brief
- The UK’s Companies House has moved to dissolve Zedxion Exchange Ltd over “misleading, false or deceptive” filings.
- The U.S. sanctioned the exchange in January over alleged activity linked to Iran’s Revolutionary Guard.
- Blockchain data suggest over $1 billion in funds has been moved by Zedxion and a sister entity.
Britain’s company register, Companies House, has moved to dissolve Zedxion Exchange Ltd., a cryptocurrency platform accused of processing funds for Iran’s Islamic Revolutionary Guard Corps (IRGC), according to a notice published on its website.
The action follows U.S. sanctions imposed in January by the Treasury’s Office of Foreign Assets Control (OFAC), which designated Zedxion and a related entity,…
