US Treasury Sanctions Nobitex and Major Iranian Crypto Exchanges in Expanded Crackdown

The U.S. Treasury Department has imposed sanctions on several major Iranian cryptocurrency exchanges, including Nobitex, Wallex, Bitpin, and Ramzinex, as part of its ongoing efforts to increase economic pressure on Iran. The action, announced by the Treasurys Office of Foreign Assets Control (OFAC), adds the exchanges and certain executives to the Specially Designated Nationals (SDN) list, effectively prohibiting U.S. individuals, businesses, and entities connected to the U.S. financial system from conducting transactions with them.