US Imposes Sanctions on Iran's Largest Crypto Exchange

The US Treasury Department has taken a significant step in its efforts to combat terrorism financing by imposing sanctions on four Iranian cryptocurrency exchanges, including Nobitex, the largest exchange in Iran.

Nobitex and the other sanctioned exchanges have been accused of providing support to the Iranian regime, processing over 50% of all Iranian digital asset inflows in 2025. They also facilitated payments linked to terrorism, sanctions evasion, and the activities of the Islamic Revolutionary Guard Corps (IRGC), a designated terrorist organization.

The sanctions come after a recent investigation by Reuters revealed that Nobitex's founders had close ties to Iran's supreme leader and the IRGC. The company had claimed to have 11 million users and processed around 70% of Iranian crypto transactions, making it a pivotal player in bypassing international sanctions.