US Treasury Hits Iran's Crypto Infrastructure with Sweeping Sanctions

The U.S. Treasury has taken a significant step in its economic warfare push against Iran, sanctioning the country's largest digital asset exchange, Nobitex, and three other platforms.

Nobitex processed over 50% of all Iranian digital asset inflows in 2025, according to the Treasury Department, and has been linked to payments tied to the IRGC, ransomware operations, and attempts to shield regime wealth during internet blackouts.

The designation extends beyond a single platform, with Wallex, Iran's second-largest crypto exchange by volume, receiving 12% of all Iranian digital asset inflows in 2025 and facilitating IRGC-linked transactions. Bitpin captured 10% of those inflows and has backers with reported ties to Iranian sanctions evasion efforts.

The Treasury Department invoked two executive orders, including a counterterrorism authority and one targeting persons operating in Iran's financial sector, to impose the sanctions. The designations carry identical consequences, blocking all U.S. property interests of the named entities and individuals and exposing any foreign company or financial institution that continues to do business with them to secondary sanctions.