US Treasury Sanctions Eight Canadian Crypto Entities Over Iran Ties

The US Treasury penalized multiple Canadian money services businesses for facilitating digital asset transactions linked to the Iranian regime and narcotics networks.

1. US OFAC Sanctions Eight Canadian Crypto Entities Over Iran and Drug Ties The US Treasury designated eight Canadian money services businesses on Nov. 7 for processing digital asset transfers tied to the Iranian regime, the IRGC, and convicted narcotrafficker Ryan Wedding.

2. Apple and Meta Opt Out of OKX-ICE Tokenized Stock Venue Apple and Meta formally refused third-party listings on the OKX-ICE tokenized stock platform on Nov. 5, completing vetoes from all Magnificent Seven technology companies and bringing total objections to 67 firms.

3. Bitmine and Strive Expand Corporate Digital Asset Treasuries Bitmine Immersion Technologies now holds over six million $ETH, representing 4.9 percent of the total supply, while Strive increased its reserves to 43,124 $BTC following acquisitions in October.

4. Prediction Markets Scrutinized Over Election Poll Wagering Polymarket is investigating after a trader generated over $77,000 in profits by placing wagers roughly an hour before a Times/Siena public survey release, raising concerns about front-running embargoed data.

5. NatGold Removes Token From MEXC Following FinCEN Order NatGold Digital requested the immediate delisting of its $NATG token from MEXC on Nov. 7 after FinCEN prohibited domestic financial institutions from processing the exchange's transfers.

Numbers Bitcoin trades at $75,527, Ethereum sits at $2,223, and total crypto market capitalization remains flat at $2.53 trillion.

Watch

• Reciprocal enforcement or licensing revocations by Canadian regulator FINTRAC against the sanctioned British Columbia and Ontario entities.
• MSCI's equity index rebalancing on Nov. 11 and its potential effect on companies dominated by single assets.
• NatGold's formal announcement of replacement exchange venues for token holders.