US Sanctions Iranian Crypto Exchanges Over Alleged IRGC Links

The United States has imposed sanctions on two Iranian digital asset exchanges and an individual accused of operating a network of front companies used to facilitate cryptocurrency transactions, sanctions evasion and money laundering on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC) and other groups, the US Treasury Department said.

The action was announced by the Treasury Department’s Office of Foreign Assets Control (OFAC), which said Iranian actors had exploited unlicensed or lightly regulated cryptocurrency…