US Imposes Sanctions on Dubai-Based Crypto Exchange for Alleged Iran Sanctions Evasion
The United States has imposed sanctions on Dubai-based cryptocurrency exchange Shelbit and its founder, Siavash Kayvanpour, for allegedly facilitating transactions for Iran's Islamic Revolutionary Guard Corps and other sanctioned entities. The US Treasury Department's action is part of a broader effort to crack down on sanctions evasion through cryptocurrency networks. Shelbit is accused of processing millions of dollars in digital assets for Iran's central bank and illegal gambling networks. The sanctions aim to dismantle illicit financial networks supporting the Iranian regime. 
