The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset
US Treasury sanctions Iran-linked crypto exchanges for first time
News Brief
The US Treasury has imposed sanctions on two UK-registered cryptocurrency exchanges linked to Iran's financial infrastructure—marking the first instance of Washington targeting digital asset platforms in this manner. The Treasury Department's Office of Foreign Assets Control unveiled these measures Friday as part of a wider effort to crack down on Iranian officials and networks accused of brutally suppressing their citizens while exploiting alternative financial channels to circumvent international sanctions. Among those sanctioned was Eskandar Momeni Kalagari, Iran's interior minister overseeing the nation's Law Enforcement Forces. Treasury Secretary Scott Bessent emphasized their commitment to pursuing Iranian networks and corrupt elites who, analysts believe, profit substantially while everyday Iranians endure hardship.
The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset platforms.
The United States Treasury has sanctioned two cryptocurrency exchanges linked to Iran’s financial system, marking the first time Washington has directly targeted digital asset platforms as part of its Iran sanctions program.
In a statement on Friday, the Treasury Department’s Office of Foreign Assets Control (OFAC) said the sanctions are part of a wider move against Iranian officials and networks accused of violently suppressing people at home while using alternative financial channels to get around international sanctions.
Among those sanctioned was Eskandar Momeni Kalagari, Iran’s minister of the interior, who oversees the country’s Law Enforcement Forces. “Treasury will continue to target Iranian networks and corrupt elites that enrich themselves at the expense of the Iranian people,” Treasury Secretary Scott Bessent said.
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