US Sanctions Iran’s Largest Crypto Exchange Nobitex in Major ‘Economic Fury’ Crackdown

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian crypto exchanges. The move is part of the Donald Trump administration’s Economic Fury campaign aimed at increasing economic pressure on Tehran.

The Treasury’s sanctions apply to Nobitex, Wallex, Bitpin, and Ramzinex. US officials allege that these exchanges helped users bypass sanctions, facilitated financial activity connected to Iran, and processed transactions linked to the Islamic Revolutionary Guard Corps (IRGC).