U.S. sanctions Iran's largest crypto exchanges, including Nobitex
- —OFAC added Nobitex, Wallex, Bitpin and Ramzinex to its sanctions list on June 2, 2026
- —Nobitex handled more than 50% of Iran's digital inflows in 2025
- —Tether froze over $131 million in TRON addresses linked to Iran
- —Exchange executives, including Amir Hossein Rad, were also sanctioned
Why it matters: Foreign exchanges risk secondary sanctions, while users of the platforms lose access to funds in the dollar financial system.
Source: Crypto Briefing