Washington/Tehran, June 3 -- The US imposed sanctions on Iran's largest cryptocurrency exchange on Tuesday, accusing it of helping Tehran bypass Western restrictions and move money for state institutions, including the country's central bank and the Islamic Revolutionary Guard Corps (IRGC).
The Treasury Department announced measures against Nobitex, widely regarded as Iran's biggest digital asset platform, alongside three other cryptocurrency exchanges.
US Treasury Secretary Scott Bessent said Washington was targeting what it sees as an increasingly important financial lifeline for the Iranian state.
"While Iran's economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including eva...