Key facts
- World Liberty Financial (WLFI) will restrict or reject transfers from sanctioned wallets.
- WLFI cited regulatory compliance and prohibited transaction rules for the controls.
- The US Treasury sanctioned Iranian crypto platforms, including Nobitex, for processing transactions for the Islamic Revolutionary Guard Corps.
- WLFI previously denied allegations of bypassing presale screenings for sanctioned entities.
- WLFI's smart contracts have hard-coded powers to freeze, restrict, or burn wallet balances.
World Liberty Financial (WLFI), a crypto venture, has issued a compliance notice warning users that transfers involving sanctioned individuals, organizations, or wallet addresses may be delayed, restricted, or rejected. The company stated these controls are necessary to meet regulatory requirements concerning prohibited transactions. This announcement comes as the US Treasury Department sanctioned several Iranian cryptocurrency platforms, including Nobitex, Iran's largest exchange, along with Wallex, Bitpin, and Ramzinex, citing their involvement in processing transactions for Iran's Islamic Revolutionary Guard Corps and facilitating sanctions evasion.