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Regulation
US Sanctions Eight Canadian Firms Over Alleged Iranian Crypto Transfers
(3 hours ago) · 1 source · Summarized by CryptoBipto
The United States has imposed sanctions on eight Canadian money services businesses accused of facilitating cryptocurrency transfers linked to Iran. The sanctions target firms allegedly involved in moving digital assets in violation of existing US restrictions on Iranian financial activity.
WHY IT MATTERS
Sanctions are rules set by governments that block certain people, companies, or countries from participating in the financial system.
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SOURCES
- newsbtc.com
RELATED
SanctionsAnti-Money LaunderingOFACCross-Border RegulationCrypto Compliance
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