Treasury Sanctions Crypto Exchanges It Says Laundered Millions for Iran
60-second summary
The U.S. Treasury is sanctioning two crypto exchanges, one Georgia- and UAE-based and the other Iran-based, for allegedly laundering millions of dollars for Iran's Revolutionary Guard. The targeted exchanges are accused of facilitating illicit transactions, with the Treasury citing specific instances of money laundering. This move aims to disrupt Iran's access to global financial systems.
The U.S. Treasury sanctioned two crypto exchanges it says laundered millions of dollars for Iran's Revolutionary Guard, naming a Georgia- and UAE-based operator and an Iran-based platform.