Technology · 8 August 2026
US sanctions two crypto exchanges for helping Iran evade rules
Unsplash / André François McKenzie
The US Treasury has imposed sanctions on Shelbit and Aban Tether, asserting that these entities facilitated Iran's financial transactions and circumvention of economic limitations. The sanctions are part of a wider crackdown on digital asset networks that Washington claims fund the Islamic Revolutionary Guard Corps. Treasury Secretary Scott Bessent stated they will dismantle illicit financial networks keeping the Iranian regime afloat.
Reported by coindesk.com · How we write briefs