PANews reported on January 31 that, according to an official announcement, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctionsPANews reported on January 31 that, according to an official announcement, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions
The US Treasury Department sanctioned Zedcex and Zedxion, cryptocurrency exchanges involved in transactions with Iran.
News Brief
According to PANews on January 31, the U.S. Treasury's Office of Foreign Assets Control took action against two UK-based cryptocurrency platforms—Zedcex and Zedxion—for processing substantial funds connected to Iran's Islamic Revolutionary Guard Corps. Notably, this marks OFAC's inaugural sanctions targeting digital asset exchanges over their ties to Iran's financial operations.
PANews reported on January 31 that, according to an official announcement, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on UK-based cryptocurrency exchanges Zedcex and Zedxion. These exchanges handled substantial funds related to counterparties linked to Iran's Islamic Revolutionary Guard Corps (IRGC). This marks the first time OFAC has sanctioned digital asset exchanges for their involvement in Iran's financial sector.
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