U.S. Treasury sanctions major Iranian crypto platform
The U.S. Treasury Department imposed sanctions on the "Nobitex" platform, Iran's largest cryptocurrency trading platform, along with three other Iranian platforms, during the Trump administration's "Economic Rage" campaign. The sanctions targeted the platform's handling of over 50% of Iran's digital transactions in 2025, its use in terrorist activities, facilitation of sanctions evasion, as well as its dealings with the Iranian Revolutionary Guard and enabling officials to bypass sanctions and access international markets. Key officials and individuals within the company, including the former chairman of the board, were also listed on the sanctions list.
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