US Sanctions Two UK Crypto Exchanges Over Iran Links
- First-Ever Sanctions on Crypto Exchanges: The U.S. Treasury has sanctioned UK-registered crypto exchanges Zedcex and Zedxion for facilitating Iran's evasion of international sanctions, marking a significant escalation in U.S. enforcement policy that indicates crypto infrastructure itself can be designated as linked to sanctioned jurisdictions.
- Massive Financial Flows: According to OFAC, both exchanges processed over $1 billion in financial flows connected to the Islamic Revolutionary Guard Corps (IRGC), and despite being registered in the UK, their operations materially supported Iran's sanctioned financial networks.
- Immediate Asset Freezes and Transaction Bans: Under the sanctions, all property and interests of Zedcex and Zedxion within U.S. jurisdiction are frozen, and U.S. persons and entities are prohibited from engaging in transactions with these exchanges, effectively severing their ties to the U.S. financial system.
- Market Warning: This sanctioning action serves not only as a financial measure but also as a response to human rights abuses, emphasizing that digital assets do not provide immunity from sanctions enforcement, thus indicating greater compliance risks for the crypto industry moving forward.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRX
Technical Sentiment Analysis for TRON (TRX) As of , TRON (TRX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TRON (TRX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.241 | 0.255 | 0.268 | 0.282 | 0.295 | 0.309 | 0.323 |
| Fibonacci | 0.255 | 0.265 | 0.271 | 0.282 | 0.292 | 0.299 | 0.309 |
About TRX
About the author
