U.S. sanctions Dubai-based crypto exchange Shelbit over Iran-linked transactions

The United States has sanctioned Dubai-based crypto exchange Shelbit over allegations it processed millions of dollars in transactions for Iran's Revolutionary Guard Corps. The action highlights how sanctions enforcement can extend to digital-asset platforms that authorities believe facilitate restricted financial flows, reinforcing compliance and counterparty risks for crypto users and exchanges.

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U.S. sanctions Dubai-based crypto exchange Shelbit over Iran-linked transactions - CoinPost Terminal