UK to Shut Down Zedxion Exchange Accused of Funding Iran’s Revolutionary Guard

• UK to shut down Zedxion Exchange Ltd. over misleading filings and fake director claims.
• Investigators found links between the platform and Islamic Revolutionary Guard Corps transactions.
• US authorities sanctioned the exchange for processing hundreds of millions in illicit crypto flows.

Britain is dissolving a cryptocurrency exchange that US authorities say secretly processed hundreds of millions of dollars for Iran’s Islamic Revolutionary Guard Corps, after investigators uncovered a fictitious director and a sophisticated sanctions evasion operation hidden behind a conventional trading platform.

Companies House, the UK’s official business registry, has issued a compulsory strike-off notice against Zedxion Exchange Ltd. under Section 1002A of the Companies Act 2006, citing filings that were misleading, false, and deceptive.

A Fake Director, A Real Problem

The …

Read The Full Article UK to Shut Down Zedxion Exchange Accused of Funding Iran’s Revolutionary Guard On Coin Edition.