U.S. Treasury Sanctions UK Crypto Exchanges Over Alleged Iran Sanctions Evasion

The U.S. Treasury announced sanctions targeting one or more U.K.-based cryptocurrency exchanges, alleging those platforms facilitated sanctions evasion related to Iran, according to reporting on the action ^[1].

The measures come as European regulators also increase oversight: the European Commission has urged 12 member states to adopt new crypto tax reporting rules and issued warnings over non‑compliance with those requirements ^[2][3].

Industry commentary highlights a broader push for tougher enforcement and regulatory adaptation in a competitive global market, and notes national regulators — including France’s — are enforcing EU licensing deadlines that affect crypto firms’ operations ^[4][5].

Taken together, the U.S. sanctions and recent EU regulatory actions underscore an intensifying enforcement environment for crypto platforms across jurisdictions ^[1][2][3].