US Sanctions Dubai Crypto Exchange for Allegedly Aiding Iran's IRGC
The United States has sanctioned a Dubai-based cryptocurrency exchange, accusing it of facilitating money laundering for Iran's Islamic Revolutionary Guard Corps (IRGC). This action follows a Reuters report detailing the alleged illicit financial activities.
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US sanctions Dubai crypto exchange for allegedly aiding Iran’s IRGC money laundering
The United States has imposed sanctions on an unlicensed multi-state cryptocurrency exchange, alleging it facilitated millions of dollars in crypto transactions for Iran’s elite Islamic Revolutionary Guard Corps and other state-linked groups.
By Gavin Finch
Read full article →US sanctions Dubai-based crypto exchange over alleged IRGC funding
The United States sanctioned Dubai-based Shelbit for processing millions for Iran's state entities. This action targets sanctions evasion through cryptocurrency networks, as announced by the Treasury Department. Shelbit allegedly facilitated transactions for Iran's central bank and the IRGC. The exchange denied all allegations and stated operations ceased in January 2026. Dubai's regulator also previously found Shelbit violated anti-money laundering rules.
By VIJAYA SRIVASTAVA
Read full article →US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report
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