US sanctions Dubai crypto exchange for aiding Iran's IRGC

The US has sanctioned the Dubai-based crypto currency exchange Shelbit for helping the Iranian Revolutionary Guard Corps evade sanctions.

A Reuters probe revealed Shelbit moved crypto for Iran’s central bank, a major illegal online gambling operation, and addresses linked by the Israeli government to the IRGC

The United States sanctioned Dubai-based Shelbit for processing millions for Iran's state entities. This action targets sanctions evasion through cryptocurrency networks, as announced by the Treasury Department. Shelbit allegedly facilitated transactions for Iran's central bank and the IRGC. The exchange denied all all

The Trump administration on Friday sanctioned a multinational network of crypto exchanges laundering billions of dollars to fund Iran's military.

US Treasury targets crypto exchanges in new Iran sanctions The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follow

“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement.

US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report  Reuters

Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on July 31 that