U.S. Treasury Sanctions Iranian Crypto Exchanges Shelbit and Aban Tether for IRGC Ties

BitcoinWorld U.S. Treasury Sanctions Iranian Crypto Exchanges Shelbit and Aban Tether for IRGC Ties The U.S.

Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Iranian cryptocurrency exchanges, Shelbit and Aban Tether, accusing them of facilitating financial support for Iran’s Islamic Revolutionary Guard Corps (IRGC) and enabling illicit finance activities.

The move, announced on [Date], marks a significant escalation in Washington’s efforts to disrupt Tehran’s use of digital assets to bypass international sanctions.

Sanctions Target Financial Lifelines of the IRGC According to the Treasury Department, Shelbit and Aban Tether played a pivotal role in converting Iranian rials into digital currencies, particularly Tether (USDT), allowing the IRGC and affiliated groups to move funds across borders with relative anonymity.