U.S. widens Iran crypto crackdown with sanctions on two exchanges
The Treasury’s OFAC targeted Shelbit and Aban Tether as Washington continues its effort to cut Tehran’s access to crypto and foreign currency.
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Summary
- The U.S. Treasury sanctioned crypto exchanges Shelbit and Aban Tether, saying they helped Iran move money and evade sanctions.
- The action extends a 2026 crackdown that has targeted Nobitex, other Iranian exchanges and crypto wallets linked to Iran’s central bank.
- The sanctions come amid the U.S.-Iran war, raising the stakes for stablecoin issuers and exchanges handling funds connected with Iranian entities.
