OREANDA-NEWS  The US Treasury Department has announced the imposition of sanctions against Iran's largest cryptocurrency exchange, Nobitex.

"Nobitex has provided significant support to the regime by processing more than 50% of all digital asset receipts to Iran in 2025 and facilitating payments related to Iran's terrorist activities, sanctions evasion attempts, and transactions related to the Islamic Revolutionary Guard Corps (IRGC), including activities related to ransomware affiliated with the IRGC," - according to a press release posted on the agency's website.

The chairman of the management Board, co-founder and former CEO of Nobitex are also on the sanctions list.

In addition, the US Treasury has imposed sanctions on other Iranian cryptocurrency exchanges - Wallex, Bitpin and Ramzinex.

"While Iran's economy is in free fall, the regime has decided to use digital asset technology for its own corrupt purposes, including evading sanctions and withdrawing wealth from the country. (...) The current economic chaos in Iran is proof that President Trump's maximum pressure campaign has succeeded," said U.S. Treasury Secretary Scott Bessant, quoted in a press release.