The US has imposed new sanctions on Iran’s largest crypto exchange Nobitex, according to a press release from the US Department of the Treasury. The U.S. sanctioned four Iranian nationals and four Iran-based digital asset exchanges Nobitex, Bitpin, Ramzinex , and Wallex, the Treasury said.
“While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country. Iran’s current economic chaos is proof that President Trump’s maximum pressure campaign has been a success,” said Secretary of the Treasury Scott Bessent. “As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.”
As the US-Iran war progresses, the US continues to try to maintain an advantage over Iran. The latter has been subject to sanctions for decades. However, the latest puts a target on a key alternative for Iran’s monetary. Nobitex has provided significant support to the regime, processing more than 50 percent of all Iranian digital asset inflows in 2025.
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According to the US Treasury, the move is an act of combat against cyberterrorism. Nobitex is accused of “facilitating payments tied to Iran’s terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps (IRGC)-linked transactions, including activity associated with IRGC-affiliated ransomware actors. Nobitex also helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins used to prop up the plummeting value of the Iranian rial.
Last week, the U.S. also imposed sanctions on Iran’s newly created Persian Gulf Strait Authority, which is an agency intended to control shipping through the narrow Strait of Hormuz. The Department of the Treasury called the agency a “scheme to extort international shipping.”