The US Treasury added eight Canada-based money services businesses to its sanctions list, alleging that they helped move value for the Iranian regime and sanctioned actors. The November 6 announcement focuses on conversions between local currencies and digital assets, as well as transactions linked to sanctioned Iranian crypto exchangers and wallets associated with the Islamic Revolutionary Guard Corps. The Office of Foreign Assets Control said some businesses changed their names or addresses while remaining active. The designations require the blocking of relevant property and prohibit dealings with the listed entities, while exchanges and stablecoin issuers reassess their exposure to these counterparties. Separately, the FinCEN restricted certain US institutional transfers involving MEXC Global under Operation Economic Outcast.
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