U.S. Treasury Imposes Sanctions on Iranian Digital Asset Exchanges

The U.S. Treasury Department's OFAC has sanctioned Nobitex, Iran's largest digital asset exchange, along with three other Iranian exchanges. This action is part of the "Economic Fury" campaign, targeting the Iranian regime's alleged use of digital assets for financing terrorism and evading international sanctions. The sanctions aim to disrupt Iran's ability to use cryptocurrency for illicit activities and currency support.