A post by @WuBlockchain on X.
U.S. Sanctions Eight Canadian Crypto Firms Over Iran-Linked Transactions
@WuBlockchain on X
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The designations target crypto-enabled payment channels that Treasury says helped Iran evade sanctions. The action matters because it extends U.S. enforcement reach to non-U.S. crypto intermediaries, raising compliance risk for exchanges and payment firms handling Iran-linked flows. Watch for whether the sanctioned firms contest the designations and whether other Canadian MSBs face follow-on scrutiny.
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Named in this story
U.S. Treasury, Amin Exchange, NIA Nations, Farah Exchange, Million Exchange, Canada, Iran