NewzThe United States Treasury Department has imposed sanctions on Shelbit, a Dubai-based cryptocurrency exchange, for allegedly processing millions of dollars for Iranian state entities. According to the announcement, the exchange facilitated financial transactions on behalf of Iran's central bank and the Islamic Revolutionary Guard Corps (IRGC).
The enforcement action is part of a broader effort by U.S. authorities to target and disrupt sophisticated sanctions evasion networks that utilize cryptocurrency to bypass international financial restrictions.
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