Well, it is not just crypto exchanges being sanctioned by the US Treasury: Treasury just slapped sanctions on 8 Canadian currency exchange firms across Ontario and British…
Original source excerpt
Well, it is not just crypto exchanges being sanctioned by the US Treasury: Treasury just slapped sanctions on 8 Canadian currency exchange firms across Ontario and British Columbia. The accusation? …
Well, it is not just crypto exchanges being sanctioned by the US Treasury: Treasury just slapped sanctions on 8 Canadian currency exchange firms across Ontario and British Columbia. The accusation? Swapping Iranian rials into crypto and funneling funds connected to Iran's IRGC and illicit networks. As Treasury Secretary Scott Bessent put it: "Canada cannot be a safe haven." Treasury coordinated directly with FINTRAC to cut them completely off from the US dollar system. Cross-border MSBs are officially under the microscope. As Treasury Secretary Scott Bessent put it: "Canada cannot be a safe haven." Treasury coordinated directly with FINTRAC to cut them completely off from the US dollar system. Cross-border MSBs are officially under the microscope.
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