US Treasury sanctions Iranian crypto platforms and individuals

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has updated its Specially Designated Nationals (SDN) list, adding several Iranian cryptocurrency trading platforms and related individuals. The measure was announced on June 2. Under the sanctions, any U.S.-based assets of the designated entities are frozen, and U.S. persons are prohibited from transacting with them. The Treasury stated that the sanctions were imposed due to the platforms' and individuals' involvement in financial activities connected to Iran.