US Sanctions 8 Canadian Crypto Firms Over Iran Links as MEXC Faces $16B Crackdown

TLDR: OFAC sanctioned eight Canadian businesses accused of facilitating Iran-related crypto transactions. Several designated firms allegedly processed funds linked to Iran’s IRGC and sanctioned exchanges. Treasury linked some Canadian businesses to drug proceeds laundered through digital assets. FinCEN separately targeted MEXC over at least $16 billion in alleged illicit transactions. The US Treasury has sanctioned [...]

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