🚨 U.S. just sanctioned Shelbit, a Dubai-based exchange
Reason: Allegedly helped Iran-linked groups (including IRGC) move millions in crypto to dodge sanctions
This is why regulatory crackdowns on CEXs aren't slowing down. Compliance theater is real, but so are the consequences when you're caught playing both sides.
If you're still using sketchy offshore exchanges thinking you're untouchable, this is your wake-up call. The feds don't care about your privacy narrative when national security is on the table.
Expect more exchanges to get nuked as the U.S. tightens its grip on crypto rails.
Reason: Allegedly helped Iran-linked groups (including IRGC) move millions in crypto to dodge sanctions
This is why regulatory crackdowns on CEXs aren't slowing down. Compliance theater is real, but so are the consequences when you're caught playing both sides.
If you're still using sketchy offshore exchanges thinking you're untouchable, this is your wake-up call. The feds don't care about your privacy narrative when national security is on the table.
Expect more exchanges to get nuked as the U.S. tightens its grip on crypto rails.