According to Bloomberg, the U.S. Department of the Treasury has listed Iran's largest cryptocurrency exchange Nobitex and three other Iranian digital asset platforms on the sanctions list, and has sanctioned Nobitex's chairman and several executives. U.S. Treasury Secretary Scott Bessent stated that the Iranian government is using digital asset technology to evade sanctions and transfer funds. The U.S. Department of the Treasury said that Nobitex handled about half of Iran's cryptocurrency transactions in 2025. This sanctions action is part of the Trump administration's "Economic Fury" campaign, aimed at continuing pressure on Iran to push it back to the negotiating table.
According to Bloomberg, the U.S. Department of the Treasury has listed Iran's largest cryptocurrency exchange Nobitex and three other Iranian digital asset platforms on the sanctions list, and has sanctioned Nobitex's chairman and several executives. U.S. Treasury Secretary Scott Bessent stated that the Iranian government is using digital asset technology to evade sanctions and transfer funds. The U.S. Department of the Treasury said that Nobitex handled about half of Iran's cryptocurrency transactions in 2025. This sanctions action is part of the Trump administration's "Economic Fury" campaign, aimed at continuing pressure on Iran to push it back to the negotiating table.