OFAC Designates Crypto Exchanges Related to Iran
On January 30, 2026, OFAC of the U.S. Department of the Treasury designated two UK-registered crypto exchanges, Zedcex and Zedxion, for operating in the Iranian financial sector and processing transactions for the Islamic Revolutionary Guard Corps (IRGC). This is the first time OFAC has targeted a crypto exchange in the Iranian economy, highlighting geopolitical risk. These exchanges are accused of facilitating illegal money transfers, leading to stricter sanctions.
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