US targets UAE-based crypto exchange over alleged Iran sanctions evasion scheme
“Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat,” Secretary of the Treasury Scott Bessent said in a statement
Assessment
The Treasury's action signals an escalation in targeting cryptocurrency platforms as conduits for sanctions evasion. By naming a UAE-based exchange, the US extends its enforcement reach into Gulf financial hubs. The statement from Secretary Bessent underscores a policy of aggressively dismantling any financial infrastructure that enables Iran's regime, regardless of jurisdiction.