US Treasury targets crypto exchanges in new Iran sanctions

US Treasury targets crypto exchanges in new Iran sanctions The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on 31 July that identified the Dubai-based exchange, Shelbit, as the hub of a $4bn Iranian sanctions evasion scheme. The investigation found that Shelbit, one of the world’s largest illegal online gambling networks, moved...