US sanctions crypto exchanges linked to Iran

• The US Treasury has sanctioned two crypto exchanges accused of helping launder millions linked to Iran.
• The sanctions target platforms that US authorities said processed illicit cryptocurrency transactions.
• The move is part of broader efforts to disrupt sanctions evasion and financial crime.

The US Treasury has sanctioned two crypto exchanges that it said helped launder millions of dollars linked to Iran.

The Treasury said the exchanges processed cryptocurrency transactions connected to sanctioned entities and illicit financial activity.

US authorities said the sanctions are aimed at disrupting networks that move funds through digital asset platforms.

The Treasury said the exchanges allegedly helped conceal the origin and movement of cryptocurrency transactions.

The sanctions block US-based assets linked to the exchanges and restrict dealings with US persons, according to the Treasury.

The United States has increased its use of sanctions against crypto businesses accused of supporting money laundering and sanctions evasion.

The Treasury said it will continue targeting networks that help sanctioned entities move funds through cryptocurrency markets.