The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset
US Treasury sanctions Iran-linked crypto exchanges for first time
News Brief
The US Treasury has imposed sanctions on two UK-registered cryptocurrency exchanges linked to Iran's financial infrastructure—marking the first instance of Washington targeting digital asset platforms in this manner. The Treasury Department's Office of Foreign Assets Control unveiled these measures Friday as part of a wider effort to crack down on Iranian officials and networks accused of brutally suppressing their citizens while exploiting alternative financial channels to circumvent international sanctions. Among those sanctioned was Eskandar Momeni Kalagari, Iran's interior minister overseeing the nation's Law Enforcement Forces. Treasury Secretary Scott Bessent emphasized their commitment to pursuing Iranian networks and corrupt elites who, analysts believe, profit substantially while everyday Iranians endure hardship.
The US Treasury has sanctioned two UK-registered crypto exchanges tied to Iran’s financial system, marking the first time Washington has targeted digital asset platforms.
The United States Treasury has sanctioned two cryptocurrency exchanges linked to Iran’s financial system, marking the first time Washington has directly targeted digital asset platforms as part of its Iran sanctions program.
In a statement on Friday, the Treasury Department’s Office of Foreign Assets Control (OFAC) said the sanctions are part of a wider move against Iranian officials and networks accused of violently suppressing people at home while using alternative financial channels to get around international sanctions.
Among those sanctioned was Eskandar Momeni Kalagari, Iran’s minister of the interior, who oversees the country’s Law Enforcement Forces. “Treasury will continue to target Iranian networks and corrupt elites that enrich themselves at the expense of the Iranian people,” Treasury Secretary Scott Bessent said.
Read more
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Zcash (ZEC) Price Prediction: ZEC Defends $300 Support as Bullish Structures and Privacy Narrative Return to Focus
Zcash (ZEC) is holding above the crucial $300 support zone as price consolidates near $339, with traders watching key resistance levels and a potential bullish
Share
Brave New Coin2026/02/01 02:16
The 5000x Potential: BlockDAG Enters Its Final Hours at $0.0005 Before the Presale Ends
BlockDAG is one of the few projects offering a structured window rather than a surprise. The presale has already raised $452 million, and only hours remain to buy
Share
Techbullion2026/02/01 02:00
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36