According to CoinMeta, the United States has imposed sanctions on the Egyptian bank (Banque Misr)'s branches in the UAE. The UAE Central Bank stated that it will conduct an emergency inspection to ensure that banks permitted to operate in the UAE do not face reputational risks or abuse of financial infrastructure. The UAE Central Bank emphasized that these branches are subject to UAE laws and regulations and is studying possible special measures to be taken. The US Treasury Department noted that this sanction is part of the United States' efforts to strengthen economic actions against Iran and its international financial partners, with the aim of cutting off the dollar transaction channels for these bank branches.