US Sanctions Iranian Crypto Exchanges

The U.S. Treasury has imposed sanctions on Iranian cryptocurrency exchanges, including Nobitex, as part of its 'Economic Fury' campaign. Nobitex alone was responsible for facilitating over half of Iran's cryptocurrency inflows during the past year. This action is intended to disrupt financial activities and potentially limit the flow of funds through digital assets within the country, aligning with broader U.S. economic pressure strategies.