US Treasury Sanctions Iranian Crypto Exchanges Including Nobitex for Terrorist Financing

In brief

• The U.S. Treasury Department's Office of Foreign Assets Control designated four Iranian cryptocurrency exchanges for sanctions violations.
• Nobitex, Iran's largest digital asset exchange, was among the sanctioned platforms alongside Wallex, Bitpin, and Ramzinex.
• The Treasury alleged that the platforms facilitated terrorist financing, sanctions evasion, and ransomware payments.