The U.S. Treasury Department’s Office of Foreign Assets Control designated Nobitex and three other Iranian cryptocurrency exchanges on June 2, 2026, citing links to sanctions evasion and terrorist financing.
Nobitex, described as Iran’s largest digital asset platform, was added to the Specially Designated Nationals list alongside Wallex, Bitpin and Ramzinex. Treasury also designated several executives connected to Nobitex.
Authorities alleged the exchanges facilitated transactions for the Central Bank of Iran, the Islamic Revolutionary Guard Corps and ransomware actors, and helped move assets out of Iran after U.S. military operations began earlier in the year.
The action forms part of the administration’s Economic Fury campaign against Iranian financial channels. Treasury said foreign institutions that continue processing related transactions risk secondary sanctions exposure.
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Sources:
https://www.thehindu.com/news/international/