U.S. officials designated Nobitex, Iran's largest cryptocurrency exchange, on Tuesday, claiming that the platform has handled "more than 50 percent of all Iranian digital asset inflows" this year and processed payments linked to terrorism, sanctions evasion and ransomware attacks.
Nobitex has also acted as a conduit for the Central Bank of Iran to access hundreds of millions of dollars in stablecoins to help buttress the rial, according to the Office of Foreign Assets Control, which also blacklisted the exchange's chief executive and three co-founders, in addition to three other Iranian virtual asset service providers: Wallex, Bitpin and Ramzinex.
OFAC designated Nobitex, Wallex, Bitpin and Ramzinex for operating in Iran's financial sector, and additionally designated Nobitex for supporting or providing services to the country's Islamic Revolutionary Guard Corps.
Moneylaundering.com may update this story as more information becomes available.
- Topics: Sanction Actions, Sanctions and Non-proliferation Finance
- Source: U.S.: OFAC
- Document Date: June 2, 2026
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