The U.S. Treasury has sanctioned four Iranian cryptocurrency exchanges and two senior executives at Nobitex after accusing the platforms of helping sanctioned entities access the digital asset ecosystem.
Summary
- The U.S. Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, under its Economic Fury campaign against Iran.
- Treasury has accused Nobitex of facilitating transactions for sanctioned entities, while Chainalysis said the platform handles about 50% of Iran’s crypto trading volume.
- The latest action follows Treasury’s disclosure that it has seized nearly $1 billion in crypto from Iranian exchanges and wallets since the conflict began.