OFAC says it's the first time it has designated a digital asset exchange for operating in Iran's financial sector

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated multiple Iranian officials and affiliates for involvement in violent repression and corruption, including Interior Minister Eskandar Momeni Kalagari and businessman Babak Morteza Zanjani. For the first time, OFAC also designated two UK-registered digital asset exchanges tied to Zanjani and IRGC-linked wallets for operating in Iran’s financial sector and assisting the IRGC. The designations invoke several executive orders and block the property of listed persons, while the Treasury reiterated support for Iranian internet access under an existing general license (GL D-2).