U.S. Treasury Sanctions Georgia-Based Crypto Firm in Iran Crackdown

The U.S. Treasury Department sanctioned Georgia-based SHPS Shelbit, stating that the company and its owner, Siavash Kayvanpour, were involved in cryptocurrency transactions linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) and sanctions evasion, while the National Bank of Georgia later said the company was not a regulated virtual asset service provider in Georgia and had …

By Civil.ge