The U.S. Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on UK-based cryptocurrency exchanges Zedcex and Zedxion for allegedly assisting Iran in evading sanctions. This marks the first instance of OFAC sanctioning digital asset exchanges for involvement in Iran's financial sector. Additionally, seven Iranian individuals, including six linked to the Islamic Revolutionary Guard Corps, and Babak Zanjani, accused of laundering money for the Iranian regime, have been sanctioned. The sanctioned addresses have reportedly handled over $389 million.