US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report
The US has imposed sanctions on a Dubai-based cryptocurrency exchange for allegedly helping Iran's Islamic Revolutionary Guard Corps (IRGC) by allowing them to use its services. This move is significant as it marks another step in the US's efforts to restrict Iran's access to the global financial system. The sanctions are likely to have a ripple effect on the cryptocurrency market, particularly for exchanges with ties to high-risk countries, and may also impact trade relations between the US and the United Arab Emirates.
Read the source report: Moneycontrol
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