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🪙 Crypto
US sanctions Dubai crypto exchange for laundering millions for Iran's IRGC
The US Treasury imposed sanctions on an unlicensed, multi-state Dubai-based cryptocurrency exchange, alleging it facilitated millions of dollars in crypto transactions for Iran's Islamic Revolutionary Guard Corps and other state-linked groups. The exchange operated across multiple jurisdictions without required regulatory approvals. The sanctions aim to cut off financial channels used to circumvent existing Iran embargoes.
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