U.S. Treasury Sanctions Eight Canadian OTC Exchanges

On November 8, on-chain investigator ZachXBT announced that the U.S. Treasury sanctioned eight Canadian over-the-counter (OTC) companies on November 6, including Nia Nations (NNCE) and Million Exchange (MillionEX). The sanctions follow ZachXBT's recommendation from five months ago to target brokers exploiting Iran's OTC markets. He noted that Canada is one of the least efficient countries globally in law enforcement, leading to widespread abuse.