US sanctions four Iranian crypto exchanges
The US Treasury Department’s Office of Foreign Assets Control designated four Iranian cryptocurrency exchanges for sanctions violations.
The sanctioned platforms include Nobitex, Iran’s largest digital asset exchange, as well as Wallex, Bitpin, and Ramzinex.
The Treasury alleged that these platforms facilitated terrorist financing, sanctions evasion, and ransomware payments, with Nobitex processing over 50% of all Iranian digital asset inflows in 2025.
The exchange also helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to prop up the plummeting value of the Iranian rial