Iran · U.S. Treasury · Scott Bessent · CoinDesk
U.S. sanctions Iranian crypto exchanges in ongoing war against the country
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The U.S. Treasury Department blacklisted several Iranian crypto exchanges, including its largest platform Nobitex, on Tuesday as part of its ongoing campaign against the Iranian government.
Key facts
- The announcement came days after Treasury Secretary Scott Bessent announced that his department had seized around $1 billion in crypto from Iranian exchanges and wallets since the beginning
- The Treasury Department said the sanctions actions were part of its broader campaign against Iran
- The announcement linked Tuesday's action to Nobitex's alleged association with "Iran's terrorist activities, sanctions evasion efforts and Islamic Revolutionary Guard Corps (IRGC)-linked
- The U.S. Treasury Department blacklisted several Iranian crypto exchanges, including its largest platform Nobitex, on Tuesday as part of its ongoing campaign against the Iranian government
Summary
The U.S. The Treasury's Office of Foreign Asset Control announced that Nobitex, Wallex, Bitpin and Ramzinex, as well as some of these exchanges' executives, were being added to its global Specially Designated Nationals list, barring any U.S. entities or businesses and people who use the U.S. dollar financial system from providing any financial services with the platforms. The announcement came days after Treasury Secretary Scott Bessent announced that his department had seized around $1 billion in crypto from Iranian exchanges and wallets since the beginning of the war against Iran. "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.