U.S. Treasury Sanctions Eight Canadian OTC Exchanges

TechFlow reported on November 8 that, according to a post by on-chain detective ZachXBT, the U.S. Department of the Treasury sanctioned eight Canadian over-the-counter (OTC) companies on November 6, including Nia Nations (NNCE) and Million Exchange (MillionEX). These sanctions were imposed after ZachXBT called five months ago for sanctions against the abuse of Iranian OTC brokers. He noted that Canada is one of the least effective jurisdictions in the world in terms of law enforcement, leading to widespread abuse.

Source: TechFlow