The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on the UK cryptocurrency exchanges Zedcex and Zedxion for helping Iran evade sanctions. This is the first time OFAC has sanctioned a digital asset exchange involved in Iran's financial sector. In addition, seven Iranian individuals (six of whom are associated with the Islamic Revolutionary Guard Corps of Iran) and Babak Zanjani, who is allegedly released from prison and laundering money for the Iranian regime, have also been listed. The seven addresses on the list have handled funds exceeding $389 million.