US Treasury issues sanctions on Iran, targets 4 crypto exchanges
The US Treasury sanctioned four Iranian crypto exchanges—Nobitex, Wallex, Bitpin, and Ramzinex—under its “Economic Fury” campaign to isolate Iran from the financial system. US persons and businesses are now barred from servicing them. Treasury said Iran is using digital assets to evade sanctions, move wealth abroad, and support the Islamic Revolutionary Guard Corps and other sanctioned entities. Nobitex, Iran’s largest exchange, was singled out as central to the country’s “digital dollar pipeline” and reportedly handles about half of Iran’s crypto trading volume. Treasury also sanctioned Nobitex’s CEO and chairman. The action follows earlier Treasury seizures of nearly $1 billion in crypto linked to Iranian exchanges and wallets since the war began, as Washington intensifies pressure on Iran’s nuclear and regional military activities.
