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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 said that the Iranian government uses 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 (economic shock)” initiative, aimed at continuing to pressure Iran and pushing it back to the negotiating table.