Bithumb to suspend transactions with sanctioned Iran-related exchanges

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for two Iran-related exchanges, Zedxion and Zedcex. The exchange stated that the decision was made after confirming that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) had sanctioned the two entities for violating regulations related to Iran. Bithumb added that the measure is intended to comply with anti-money laundering laws and protect customer assets.