US sanctions Nobitex and other Iranian crypto exchanges under ‘Economic Fury’ campaign
The Block·
60-second summary
The US Treasury is sanctioning Nobitex, a major Iranian crypto exchange, under its 'Economic Fury' campaign. Nobitex handled over half of Iran's crypto inflows last year, making it a crucial player in the country's digital currency market. The sanctions will significantly impact Iran's crypto ecosystem, potentially disrupting the flow of digital assets within the country.
Sanctioned exchange Nobitex handled more than half of Iran's crypto inflows last year, according to the U.S. Treasury.