The US Treasury has intensified its efforts to restrict Iran's access to the global financial system by imposing sanctions on four Iranian crypto exchanges.
The targeted exchanges include Nobitex, which is reportedly at the center of Iran's 'digital dollar pipeline,' handling around 50% of the country's cryptocurrency trading volume.
According to the Treasury, these exchanges have been facilitating payments for sanctioned entities, including the Islamic Revolutionary Guard Corps, and contributing to the repression of the Iranian people through state-linked surveillance of civilians.
The sanctions are part of the 'Economic Fury' campaign, which has seen significant action taken against alleged shadow bank networks, foreign officials, and companies supporting Iran's oil trade and military activities.