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Benjamin Njiri

U.S. Treasury expands Iran-related crypto sanctions to Nobitex and other exchanges

The U.S. Treasury's OFAC expanded crypto-related sanctions to include Iran's Nobitex and said it will also target Wallex, Bitpin, and Ramzinex. According to the U.S. Treasury, Nobitex handled 50% of Iranian crypto inflows in 2025, with some funds reportedly linked to the Iranian military and the IRGC. The move follows a report that the U.S. seized $1 billion in crypto allegedly tied to the Iranian government, while Iran's embassy in Japan rejected the U.S. framing and said the measures aim to collapse Iran's economy.
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