The US Sanctions Dubai Crypto Exchange Accused of Aiding Iran's IRGC Money Laundering The United States has imposed sanctions on Shelbit, a Dubai based cryptocurrency exchange.
The move targets the exchange's alleged involvement in facilitating millions in crypto transactions for Iran's elite Islamic Revolutionary Guard Corps (IRGC) and other state linked groups.
According to a Reuters investigation, Shelbit was central to a $4 billion Iranian sanctions evasion network.