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The US Treasury Department announced sanctions on Iranian cryptocurrency companies and individuals accused of facilitating money laundering and sanctions evasion. The measures target mining firms and cross-border fund transfers amid rising US-Iran tensions.
Trump Media and Technology Group (TMTG), owner of Truth Social, reported a loss over $400 million in Q1 2026, driven by a drop in cryptocurrency values. Revenue was around $870,000, up 6% year-on-year. The company holds about 41% owned by President Trump and is pursuing a merger with nuclear fusion firm TAE Technologies.
Canada is creating a new Financial Crimes Agency to investigate and prosecute financial crimes, banning cryptocurrency ATMs, following a public inquiry that found the country lacks a comprehensive anti-money laundering strategy. The move contrasts with the US, where federal investigative agencies have been weakened and convicted money launderers have been pardoned.
