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US sanctions Canadian money-exchange firms over Iran ties

US sanctions Canadian money-exchange firms over Iran ties
AI summary

The US sanctioned Canadian money-exchange firms for their ties to Iran, and separately offered up to $20 million plus possible relocation for information on Iran's nuclear program. The action targets currency-exchange businesses rather than crypto platforms, so it has no direct bearing on digital-asset markets. Traders may watch for any spillover into sanctions enforcement against crypto rails used for Iran-related flows.

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