The US Treasury has issued sanctions against Nobitex, Iran's largest cryptocurrency exchange, in an effort to restrict its operations. According to reports, the exchange had handled around $5 billion in transactions between 2025 and March 2026.
The US Treasury alleged that Nobitex had processed over 50% of all Iranian digital asset inflows in 2025, facilitating payments linked to government activities, sanctions evasion efforts, and transactions tied to the Islamic Revolutionary Guard Corps (IRGC).