The Financial Register.

Inward fraud & financial crime, explained for Gen Z

Live coverage / Banking & Finance News

Update · 07:13 pm AEST · 9 August 2026

US sanctions Dubai crypto exchange over Iran's IRGC links

US sanctions Dubai crypto exchange over Iran's IRGC links
Photograph: Channel NewsAsia business

The US has imposed sanctions on a Dubai-based cryptocurrency exchange for facilitating financial transactions for Iran's Islamic Revolutionary Guard Corps, according to Reuters reporting.

The action follows an investigation by Reuters into how crypto platforms have been used to circumvent Western financial restrictions on Iranian military and intelligence bodies, Channel NewsAsia business reports.

US sanctions Dubai crypto exchange for aiding Iran's IRGC, following a Reuters report Aug 7 : The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps and other groups linked to the Iranian state. The designation follows a Reuters investigation published on channelnewsasia.com
cybersecuritybanking-financesanctionscryptocurrencyiran

Follow the live coverage →

US sanctions Dubai crypto exchange over Iran's IRGC links | The Financial Register Inward Money