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US Sanctions Iran’s Largest Digital Asset Exchange Nobitex and 3 Others
Treasury officials said Nobitex processed hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps.
- On Tuesday, The United States sanctioned Iran's largest cryptocurrency exchange, Nobitex, along with CEO Amir Hossein Rad and brothers Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali for enabling sanctions evasion.
- Treasury officials accused Nobitex of providing "significant support" to the Iranian government, processing more than 50% of Iranian digital asset income last year to shield regime wealth and facilitate transactions linked to the Islamic Revolutionary Guard Corps.
- Controlled by brothers from the Kharrazi family, Nobitex previously denied government connections in April, claiming any illicit funds moved through the platform without management awareness or approval.
- Following last week's sanctions on the Persian Gulf Strait Authority, President Donald Trump's pressure campaign targets Iran's financial infrastructure to disrupt sanctions evasion and shipping control through the Strait of Hormuz.
- Amid stalled ceasefire talks, Treasury Secretary Scott Bessent noted the administration has seized about a billion dollars of Iranian cryptocurrency, while the U.S. military enforces a blockade on Iranian ports.
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24 Articles
24 Articles
Treasury sanctions major Iranian cryptocurrency exchange
The Treasury Department announced Tuesday that it would target Nobitex, Iran’s largest cryptocurrency exchange, as part of a tranche of new sanctions addressing the nation’s ability to launder illicit funds. The measures come as part of Operation Economic Fury, Treasury’s parallel effort to the military’s Operation Epic Fury. The department previously blacklisted two U.K.-based cryptocurrency exchanges with ties to the Iranian regime after Tehra…
·Washington, United States
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US sanctions Iran's largest crypto exchange over IRGC links
The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.
·New York, United States
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Coverage Details
Total News Sources24
Leaning Left5Leaning Right6Center9Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 25%
C 45%
R 30%
Factuality
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