Washington imposes sanctions on Iran's Digital Treasury
The United States imposed broad sanctions on "Nobitex," Iran's largest cryptocurrency exchange, and several of its officials, aiming to prevent any laxity in circumventing the international sanctions imposed on Tehran and to stop the use of digital currencies to support Iranian financial activities. This move comes as part of an American escalation against Iran, intended to exert economic pressure on the regime, especially amid the stalled diplomatic efforts and ongoing regional tensions. The platform has played a central role in transferring funds to help the Iranian government bypass restrictions and continued operations during internet outages imposed domestically.
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