Amir Hossein Rad

The U.S. sanctioned Iran's largest digital asset exchange, Nobitex, and three others as part of efforts to pressure Iran over a war with the U.S. and Israel. The Treasury accused Nobitex of processing over 50% of Iranian digital asset income and aiding sanctions evasion, while also targeting Iran's Persian Gulf Strait Authority.

The U.S. Treasury sanctioned Nobitex, Iran’s largest crypto exchange, and three others for facilitating transactions linked to the Islamic Revolutionary Guard Corps, ransomware operations, and sanctions evasion. The action targets Nobitex’s leadership and highlights concerns over Iran’s crypto infrastructure being used to shield regime wealth and evade economic pressure.