The US Treasury Department has imposed sanctions on two major cryptocurrency exchanges, as part of efforts to dismantle illegal financial networks used to finance Iran's Islamic Revolutionary Guard Corps (IRGC) and other regime-linked entities, according to N12. The move follows the Treasury's sanctions on six entities and one individual over Iran financing earlier this evening.
The US Treasury's latest sanctions target two large cryptocurrency exchanges identified as conduits for illegal financial flows supporting the Islamic Revolutionary Guard Corps and other Iranian regime elements. The action, reported by N12, is the second Treasury sanctions round this evening: at 21:53 Jerusalem, the department sanctioned six entities and one individual over Iran financing, as The Zioneer reported. The Treasury has been steadily escalating economic pressure on Iran-linked financial networks, with multiple rounds of sanctions in recent weeks targeting IRGC officials, crypto exchanges, and evasion networks.
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