Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange - BeInCrypto

The U.S. Treasury has sanctioned another crypto exchange, extending a campaign aimed at cutting off funding channels that authorities say Iran and the Islamic Revolutionary Guard Corps (IRGC) have used. The designation is the latest in a series of actions targeting digital-asset platforms accused of facilitating sanctions evasion. Because the headline and summary do not name the exchange or specify the sanctions authority involved, readers should treat details beyond the core fact — another exchange sanctioned — as unconfirmed until the official Treasury announcement is reviewed.

For markets, the relevance lies in compliance risk rather than price direction. Sanctions on exchanges can push activity toward less transparent venues, raise costs for legitimate users, and prompt trading platforms and payment providers to tighten screening of counterparties tied to high-risk jurisdictions. Watch for the official designation notice, any secondary sanctions on related entities, and how major exchanges adjust their controls in response.