US Treasury Blacklists Iranian Crypto Exchanges Amid Economic Pressure

The US Treasury has taken its most aggressive action yet against state-sponsored cryptographic financial networks by blacklisting Nobitex, Iran's dominant digital asset exchange.

The agency also designated three other major exchanges operating in Iran: Wallex, Bitpin, and Ramzinex. This enforcement sweep severs these exchanges and their underlying wallet nodes from the global financial system.

Nobitex played a significant role in enabling users to move funds despite international sanctions last year, according to the Treasury's release. The agency accused the exchange of helping users evade sanctions and facilitate transactions linked to Iran's Islamic Revolutionary Guard Corps (IRGC).