US sanctions target Iran's crypto lifeline, signaling a new front in financial warfare
TL;DR
US Treasury designated Nobitex, Iran's largest crypto exchange, along with Wallex, Bitpin and Ramzinex, accusing Nobitex of handling more than half of Iran's 2025 digital-asset inflows and aiding IRGC-linked transactions, sanctions evasion and access to stablecoins. The move shows crypto can create alternative channels outside traditional finance but also raises enforcement challenges as Iran explores peer-to-peer trading and other crypto routes, while Washington seeks international cooperation to curb such activity.
- From banks to blockchains: US opens new front in Iran sanctions ایران اینترنشنال
- The Coming Age of Digital Warfare compactmag.com
- Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether' Fox Business
- U.S. sanctions Nobitex, other Iranian crypto exchanges amid ongoing war CoinDesk
- US says it has seized $1 billion in crypto assets from Iran The Times of Israel
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