Treasury Department sanctions Nobitex for facilitating terror finance and sanctions evasion

The U.S. Treasury Department sanctioned Nobitex, Iran’s largest digital asset exchange, and three other Iranian crypto platforms on Tuesday, placing a sharper compliance spotlight on crypto flows tied to Iran. 4 Exchanges, 4 Nationals Hit as U.S. Expands Iran Crypto Sanctions Campaign The Treasury’s Office of Foreign Assets Control, or OFAC, designated Nobitex, Wallex, Bitpin, […]

The Treasury's Office of Foreign Assets Control accused the platforms of enabling illicit finance activities across Iran's crypto ecosystem.

US Treasury sanctions Nobitex, Iran's largest crypto exchange, along with Wallex, Bitpin, and Ramzinex under the 'Economic Fury' campaign targeting sanctions evasion. The post US sanctions Nobitex, Iran’s largest cryptocurrency exchange appeared first on Crypto Briefing.

The sanctions on Nobitex highlight the increasing scrutiny on crypto exchanges globally, potentially reshaping international financial compliance. The post Treasury Department sanctions Nobitex for facilitating terror finance and sanctions evasion appeared first on Crypto Briefing.

The Office of Foreign Assets Control designated Nobitex, Wallex, Bitpin and Ramzinex, along with their leadership, naming the exchanges as the digital-asset rails for Iran's central bank and the Islamic Revolutionary Guard Corps.

The US Treasury has announced a new round of Iran-related sanctions targeting crypto channels used to move value across borders, with Treasury officials arguing that Iran has turned to digital asset tools to bypass restrictions and maintain access to international funds. New Iran Sanctions On Crypto Exchanges The Treasury’s Office of Foreign Assets Control (OFAC) […]

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