U.S. widens Iran crypto crackdown with sanctions on two exchanges
60-second summary
The U.S. Treasury's Office of Foreign Assets Control (OFAC) is widening its crackdown on Iran's access to cryptocurrency by imposing sanctions on two exchanges, Shelbit and Aban Tether, as part of ongoing efforts to limit Tehran's ability to use digital assets for international transactions and circumvent economic sanctions, further isolating Iran from global financial markets.
The Treasury's OFAC targeted Shelbit and Aban Tether as Washington continues its effort to cut Tehran's access to crypto and foreign currency.