The US Treasury Department has designated Nobitex, Iran's largest cryptocurrency exchange, along with three other Iranian crypto platforms and key executives, under counterterrorism and financial-sector authorities. The move is designed to disrupt Iran's digital asset infrastructure and curtail its ability to use cryptocurrency for sanctions evasion. By invoking multiple legal authorities simultaneously, the Treasury is broadening its toolkit beyond traditional financial sanctions to target digital channels that Iran has reportedly used to circumvent existing restrictions. The action signals an escalation in US efforts to close loopholes in its economic pressure campaign against Tehran, reflecting growing concern among regulators that crypto networks can provide rogue states with alternative payment rails outside the reach of conventional financial oversight.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.