The U.S. government on Tuesday sanctioned four Iranian digital asset exchanges, including the largest in the country.
Nobitex, Wallex, Bitpin, and Ramzinex were designated, along with four C-level executives at Nobitex, including Chairman and co-founder Amir Hossein Rad, current CEO Seyed Ali Khoee, and two other co-founders from the Kharrazi family, the U.S. Treasury Department’s Office of Foreign Assets Control announced.
The action blocks any assets the parties hold in the United States or 50 percent of the assets they hold, and prohibits Americans from dealing with them.
The sanctions stem from the exchanges’ alleged role in processing more than 50 percent of Iranian digital asset inflows in 2025 for Nobitex alone, Iran’s largest digital exchange. Officials said the platforms facilitated payments tied to the Islamic Revolutionary Guard Corps (IRGC), ransomware actors, sanctions evasion, and efforts to prop up the Iranian rial. Nobitex also helped move regime assets out of Iran after U.S. combat operations began, even during internet blackouts….