π§΅ Legal thread of the week: OFAC sanctions first #crypto exchanges over Iran links: UK-based Zedcex & Zedxion hit for IRGC evasion. π
2/ Treasury (Jan 30): Designated under E.O. 13902 (Iran finance) + 13224 (IRGC support).
First time whole exchanges sanctioned as part of Iranβs financial sector. Mostly USDT/Tron flows traced by Chainalysis/TRM/Elliptic.
3/ OFAC now hits platforms, not just wallets. Centralized custody/KYC makes them easy targets for freezes/bans.
Bitcoin? No central point. Nodes enforce globally. Code resists sanctions.
4/ Stablecoins = trackable fiat proxies, vulnerable to gov crackdowns. BTC needs no issuer, no permission.
Self-custody means your keys, your sovereignty. Exchanges get sanctioned, Bitcoin endures.
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