US Sanctions Eight Canadian Money Firms Over Alleged Iran Crypto Links
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The U.S. Treasury’s Office of Foreign Assets Control sanctioned eight Canadian money services businesses over alleged links to Iran, freezing covered assets and generally barring U.S. dealings with the firms. OFAC also added six Tron addresses to its sanctions list, extending restrictions to specific crypto wallets. The action matters because it widens the compliance perimeter for exchanges and payment processors handling Tron-based flows tied to the named entities. Watch for disclosures from major venues on whether they block the listed addresses and for any knock-on effects on Tron transaction volumes and stablecoin transfers involving the firms.
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Named in this story
US Treasury OFAC, Eight Canadian money firms, Iran, Tron (TRX)
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