Iranian Crypto Exchange Nobitex Avoids OFAC Blacklist

Nobitex, a cryptocurrency exchange based in Iran, has managed to avoid being added to the Office of Foreign Assets Control (OFAC) blacklist. Despite concerns over its ties to the Iranian regime and allegations that it facilitates shadow banking activities, the platform remains operational.

With an estimated 11 million users, Nobitex is one of the largest cryptocurrency exchanges in Iran, processing billions of dollars worth of transactions each year. Analysts have raised questions about how the exchange's infrastructure is designed to bypass compliance checks and avoid detection by sanctions authorities.