US Treasury sanctions two crypto exchanges tied to Iran

The US Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on two cryptocurrency exchanges, Shelbit and Aban Tether. The action is part of Washington's ongoing effort to restrict Iran's access to cryptocurrency and foreign currency markets. Both exchanges were targeted for allegedly helping Tehran circumvent existing financial restrictions. The move reflects the US government's broader strategy of using sanctions to limit Iran's ability to use digital assets.