Darvish Exchange
Canadian money services business designated by US Treasury in November 2026.
The US Treasury sanctioned Darvish Exchange on 6 November 2026, saying the Ontario dealer swapped Bitcoin for Iranian rials and traded with Nobitex, Wallex, Aban Tether Exchange and Shelbit, all under US sanctions.
Last refreshed: 8 November 2026 · Appears in 1 active topic
Can a US blacklist close an Ontario exchanger that swaps Bitcoin for rials?
Timeline for Darvish Exchange
US blacklists eight exchangers in Canada
Iran Conflict 2026Background
Darvish Exchange operates from Richmond Hill and North York, Ontario, and also uses the names Kanata MD Inc and Canada Exchange, OFAC's entry shows. OFAC dates its establishment to 3 May 2022.
Washington designated Darvish on 6 November 2026 under Executive Order 13902, which covers Iran's digital asset sector. Treasury says The Firm advertises Bitcoin-for-rial swaps. It says an address linked to Darvish dealt with four sanctioned Iranian exchanges: Nobitex, Wallex, Aban Tether Exchange and Shelbit.
Canada's FINTRAC worked on the action with Treasury. Only Canadian authorities can shut Darvish down; the US listing bars Americans from dealing with it.
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Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 8 November 2026. Editorial standards.