US Treasury sanctions Iranian crypto exchanges including Nobitex

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned multiple Iranian cryptocurrency exchanges, including the country's largest, Nobitex. According to CryptoPotato, other sanctioned entities include Wallex, Bitpin, and Ramzinex. U.S. authorities stated that the exchanges helped users evade sanctions, facilitated Iran-related financial activities, and processed transactions linked to Iran's Islamic Revolutionary Guard Corps (IRGC).