US Treasury’s OFAC sanctions 2 Iran-linked crypto exchanges
60-second summary
The US Treasury's Office of Foreign Assets Control (OFAC) is sanctioning an individual and two Iran-linked crypto exchanges, alleging they facilitated $5 million in money laundering through digital assets. This move is part of the US government's efforts to combat illicit activities and enforce sanctions on Iran, highlighting the need for crypto exchanges to adhere to strict anti-money laundering regulations.
The US government sanctioned an individual and two crypto exchanges it said facilitated money laundering for a combined $5 million in digital assets linked to Iran.