Topic
The use of national sanctions programmes to block blockchain addresses, platforms and their operators from the dollar financial system.
Global Ledger counts $187.75 billion of high-risk exposure across 99 crypto exchanges from 2021 to 2025, in a report shared with crypto.news. Measured as a share of deposits, the ten biggest venues differ widely.
Reality
Japan froze the assets of Garantex, a Moscow crypto exchange that processed at least $96 billion, in Russia sanctions that took effect on October 2. Any exchange or payment firm that touches Garantex now carries Japanese legal risk on top of its US and EU exposure.
Perspective Coverage
5 publishersReality
Iran's central bank plans to block rial accounts at some crypto exchanges, after capping Tether purchases in September at 2,000 USDT per user a day. Losing those accounts would strip the exchanges of the local-currency deposits their core business converts into crypto.
Reality
Treasury puts Xinbi's throughput above $24bn since 2022 and TRM Labs says $36bn, but the Secret Service and Elliptic have frozen $52.8m, and the last two guarantee markets designated this way were replaced rather than removed.
Perspective Coverage
3 publishersReality
OFAC listed the Xinbi marketplace and two software developers on September 9, with 52 TRON addresses that Chainalysis says received more than $8.4bn in stablecoins against Treasury's $24bn count for the platform.
Reality