U.S. Treasury Sanctions Iranian Crypto Exchanges Amid Ongoing Conflict
- The U.S. Treasury blacklisted several Iranian crypto exchanges, including Nobitex, Wallex, Bitpin, and Ramzinex.
- These exchanges were added to the Specially Designated Nationals list, prohibiting U.S. entities from engaging with them.
- Treasury Secretary Scott Bessent stated that approximately $1 billion in crypto has been seized from Iranian sources since the conflict began.
- Nobitex is accused of facilitating transactions linked to Iran’s terrorist activities and sanctions evasion.
- The sanctions are part of a broader strategy against Iran amid its economic turmoil and alleged misuse of digital assets.
The U.S. Treasury’s actions highlight ongoing efforts to curb Iran’s use of crypto for sanctions evasion and other illicit activities as the country faces severe economic challenges.
With around $1 billion in crypto seized, the U.S.’s pressure campaign continues to impact Iranian platforms like Nobitex significantly. (Source)
