U.S. widens Iran crypto crackdown with sanctions on two exchanges
The Treasury's OFAC targeted Shelbit and Aban Tether as Washington continues its effort to cut Tehran's access to crypto and foreign currency.
Source: CoinDesk
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DW NOTE
Washington sanctioned Shelbit and Aban Tether for moving funds outside banking channels to the IRGC — more than $3 million in flows traced through Shelbit alone. The timing is pointed: with Hormuz still closed and U.S.-Iran talks progressing, Treasury is demonstrating that sanctions enforcement continues regardless of diplomatic temperature. Every exchange handling Iranian volume now faces the same calculus: process the transaction or keep your correspondent banking.