🚨 #BREAKING: US Treasury Sanctions Iran‑Linked Crypto Infrastructure 🚨

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned UK‑registered crypto exchanges tied to Iran’s financial networks — the first time digital asset platforms have been targeted for operating within Iran’s economy. (U.S. Department of the Treasury)

🔎 What’s Happening:

• OFAC designated Zedcex Exchange Ltd. and Zedxion Exchange Ltd., both linked to Iranian financier Babak Morteza Zanjani, for facilitating transactions tied to Iran’s Islamic Revolutionary Guard Corps (IRGC) and sanctions‑evasion activity. (U.S. Department of the Treasury)

• This marks the first crypto exchange sanctions specifically for serving Iran’s financial sector. (U.S. Department of the Treasury)

• Zedcex alone has processed over $94 billion in transactions since 2022, according to Treasury statements. (Cointelegraph)

📌 Why It Matters:

• U.S. regulators are now going after infrastructure — not just wallets — when it comes to sanctions enforcement in crypto. (U.S. Department of the Treasury)

• This move underscores a widening focus on how digital assets may be used to bypass international financial controls. (Cointelegraph)

Markets to watch:

$RAD 🇮🇷 $SYN $ACA

#Crypto #Sanctions #Iran #OFAC #Regulation #BreakingNews