Americas

Americas

US imposes sanctions on Iran's largest crypto exchange

03 June 2026 02:42 (UTC +04:00)

Trump administration imposed sanctions Tuesday on Iran’s largest cryptocurrency exchange as part of its pressure campaign against Tehran, APA reports citing CNN.

The sanctions were announced amid ongoing diplomatic efforts that have failed so far to reach an agreement on ending the US war with Iran. They target Nobitex, its CEO and three of its co-founders, as well as three other Iranian crypto exchanges.

The US Treasury Department accused Nobitex of “facilitating payments tied to Iran’s terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps (IRGC)-linked transactions, including activity associated with IRGC-affiliated ransomware actors.”

“Nobitex also helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to prop up the plummeting value of the Iranian rial, while enabling regime insiders to access international digital asset exchanges and evade sanctions across multiple jurisdictions,” the Department said in a press release. “Following the commencement of U.S. combat operations in Iran, Nobitex played a role in protecting and moving assets and funds out of Iran to shield regime wealth despite internet blackouts.”