The United States has imposed fresh sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing the platform of helping Tehran and sanctioned state-linked entities circumvent Western economic restrictions.
The move, announced by the US Treasury Department, forms part of Washington’s broader campaign to tighten pressure on Iran’s financial networks. US officials allege that Nobitex facilitated transactions linked to the Iranian government and the Islamic Revolutionary Guard Corps (IRGC), enabling the movement of funds beyond the reach of existing sanctions. (Reuters)
In addition to Nobitex, US authorities sanctioned several Iranian nationals and other digital asset platforms, warning that foreign institutions conducting business with the designated entities could also face penalties. (Reuters)
The sanctions mark Washington’s latest effort to curb Iran’s growing use of cryptocurrency, which US officials say has become an increasingly important tool for bypassing international financial restrictions. Tehran has repeatedly denied allegations that its financial institutions use digital assets to evade sanctions.
