US Sanctions Iran’s Largest Crypto Exchange, 3 Others for Terror Ties, Sanctions Evasion The U.S. government has sanctioned four Iranian digital asset exchanges, including the country’s largest, Nobitex, along with four executives. This action freezes any U.S. assets held by these entities and prohibits Americans from engaging with them. The sanctions are a response to the exchanges’ alleged involvement in processing significant digital asset inflows, facilitating payments for the Islamic Revolutionary Guard Corps (IRGC), ransomware actors, and sanctions evasion efforts.

• U.S. government sanctions four Iranian digital asset exchanges: Nobitex, Wallex, Bitpin, and Ramzinex.
• Four C-level executives at Nobitex, including its chairman and CEO, were also sanctioned.
• The sanctions block U.S. assets and prohibit Americans from dealing with the sanctioned parties.
• The exchanges are accused of processing over 50% of Iranian digital asset inflows for Nobitex in 2025.
• Alleged activities include facilitating payments for the IRGC, ransomware actors, sanctions evasion, and supporting the Iranian rial.
• Nobitex is also accused of helping move regime assets out of Iran during U.S. operations and internet blackouts.