US Imposes Sanctions on Iran's Largest Cryptocurrency Exchange

The United States has taken steps to curb Iran's use of cryptocurrency by imposing sanctions on its largest exchange, Nobitex.

According to a press release from the US Treasury Department, Nobitex has been accused of facilitating payments related to Iran's terrorist activities and sanctions evasion attempts. The agency also cited the exchange's role in processing over 50% of all digital asset receipts to Iran in 2025.

The sanctions list includes not only Nobitex but also several other Iranian cryptocurrency exchanges, including Wallex, Bitpin, and Ramzinex. The US Treasury has also targeted individuals associated with these entities, including the chairman of the management Board and co-founder of Nobitex.