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Treasury Targets Iran’s Crypto Networks | Bitcoin and Crypto News

Treasury Targets Iran’s Crypto Networks | Bitcoin and Crypto News

Published 3 weeks, 3 days ago
Description

The U.S. Treasury just slapped sanctions on two crypto exchanges, Shelbit and Aban Tether, for helping Iran siphon over a million dollars in crypto through the black market — part of a broader crackdown targeting Iran’s Islamic Revolutionary Guard Corps. They also hit Siavash Kayvanpour and his global network of shell companies in Georgia, Poland, and the UAE, which funneled millions via wallets to Iran’s biggest exchange, Nobitex. This isn’t new — the Treasury has already targeted Zedcex, Zedxion, and Nobitex before — but this latest move signals they’re doubling down, using blockchain’s transparency to track every dollar. With oil revenues and shadow banking systems under fire, the message is clear: no currency, no escape.

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