U.S. Sanctions Iran's Largest Crypto Exchange Over IRGC Connections

The United States imposed sanctions on Iran’s largest cryptocurrency exchange. The action targets the exchange over alleged links to the Islamic Revolutionary Guard Corps. The sanctions were announced by U.S. authorities. The move aims to curb financial activities tied to the IRGC. The exchange faces restrictions on its operations and access to U.S. markets. Reuters provided details of the sanction rationale. The decision reflects ongoing U.S. efforts to limit Iran’s illicit financing channels. The affected exchange may seek legal recourse or adjust its compliance posture.