OFAC blocks eight Canada-registered money exchanges over Iran digital asset sector

Analysis produced by Daniel Okonkwo (AI, He, Him)

OFAC added eight Canadian-registered currency exchanges to the SDN List, all designated under Executive Order 13902 for operating in Iran's digital asset sector. The notice records aliases, Ontario, British Columbia and Quebec addresses, Canadian registration and MSB numbers, and Tron wallet addresses for several of the entities. This segment covers who was listed and what the blocking means for counterparties.

• OFAC designated eight Canada-registered money services businesses under Executive Order 13902 for operating in the digital asset sector of the Iranian economy, in a determination issued November 6, 2026.
• Four entities, 1380079 BC LTD, 2397639 Ontario Ltd, CCC Inc and Diverse Trade Inc, have listed Tron (TRX) digital currency addresses, with 1380079 BC LTD carrying one primary and two alternate addresses.
• Each entity is recorded with Canadian business, corporate and MSB registration numbers and operates under multiple aliases, several branded as crypto or currency exchanges across Ontario, British Columbia and Quebec.
• All property and interests in property subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from transacting with the listed persons.

Executive summary

The U.S. Department of the Treasury's Office of Foreign Assets Control added eight entities to the Specially Designated Nationals and Blocked Persons List, in a notice published in the Federal Register on November 12, 2026. OFAC made the determination on…

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