The US has imposed sanctions on a Dubai cryptocurrency exchange for aiding Iran's Islamic Revolutionary Guard Corps (IRGC). This was reported by Qazaqyia.kz citing Reuters.
The sanctions target a crypto exchange in Dubai that provided financial support to Iran's IRGC. This action is part of the US's tough policy towards Iran.
According to Reuters, these sanctions are part of efforts to counter Iran's nuclear program and its military activities in the region. The US government considers the IRGC a terrorist organization and seeks to cut off its funding sources.
The exchange's name and specific details have not been disclosed yet, but this move demonstrates US influence over the international financial system. The sanctions will restrict the exchange's ties with the US and may hinder its operations in the global market.
Reuters first reported the story, and later the US government officially confirmed the sanctions. This news may cause turbulence in the cryptocurrency market, as Dubai is one of the major centers for global crypto trading.
The US action marks a new phase in intensifying sanctions pressure on Iran. Previously, the US had imposed sanctions on Iran's oil exports and banking system. Now, cryptocurrency circulation is also being restricted.
This situation is drawing international attention, as discussions arise over the ability of cryptocurrencies to withstand such sanctions. However, the US intends to continue its policy.