UK moves to dissolve crypto exchange accused of aiding Iran sanctions evasion

The UK is set to strike crypto exchange Zedxion from its corporate register over allegations it helped Iran evade sanctions, Decrypt reported. The UK's Companies House stated that Zedxion is in the process of being dissolved for submitting false and misleading documents during its incorporation. Both Zedxion and another UK-registered crypto exchange, Zedcex, were previously sanctioned by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).