U.S. Sanctions Iranian Crypto Exchanges in Unprecedented Move Targeting Digital Assets

In a landmark regulatory action, the United States Treasury Department has imposed sanctions for the first time on cryptocurrency exchanges directly linked to Iran. This decisive move targets digital asset platforms accused of facilitating transactions for Iranian entities, including those involved in illicit activities. The sanctions aim to disrupt the use of crypto as a tool to evade traditional financial sanctions and money laundering controls. Analysts highlight this as a significant escalation in the U.S. government's oversight of the global crypto ecosystem, signaling stricter compliance demands for exchanges worldwide. The action underscores the growing intersection of national security, regulatory enforcement, and the digital currency market.