Dubai exchange Shelbit implicated in $4B Iranian sanctions evasion route

AI Summary An unlicensed Dubai crypto exchange, Shelbit, moved at least $4 billion since May 2024 for Iranian gambling operators and sanctioned state entities, a series of investigations corroborated by Reuters revealed. The revelation makes it the latest crypto platform to be uncovered as a channel for moving money past sanctions by Tehran. Shelbit sits alongside Nobitex,... fulltext: 367 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/dubai-exchange-shelbit-iran-sanctions-route/ Source: CryptoPolitan