The Iranian central bank was allegedly able to obtain stablecoins worth hundreds of millions of dollars via the exchange.
The Treasury’s battle against Iranian crypto assets has reached a new enforcement step with these recent sanctions.
The U.S. Treasury Department’s Office of Foreign Assets Control blacklisted Nobitex and three other Iranian cryptocurrency platforms for allegedly aiding in the funding of terrorism and sanctions evasion. Nobitex is the biggest digital asset exchange in Iran.
According to the Treasury Department, Nobitex handled over half of Iran’s digital asset inflows in 2025 and helped with transactions associated with the Islamic Revolutionary Guard Corps (IRGC), including ransomware actors with ties to the IRGC, as well as payments related to Iran’s terrorist activities and sanctions evasion.
Crackdown on Terror Financing and Sanctions Evasion
The Iranian central bank was allegedly able to obtain stablecoins worth hundreds of millions of do
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