The US Treasury Department’s Office of Foreign Assets Control (OFAC) said on June 2 that it had sanctioned Nobitex, described in the report as Iran’s largest cryptocurrency exchange, along with three other platforms. The agency accused the targeted entities of providing a financing channel for the Islamic Revolutionary Guard Corps (IRGC). The measures apply to both the platforms and their executives.
Techub, citing CryptoBriefing, also noted that the US had frozen about $344 million in digital assets linked to Iranian networks in April this year. Tether assisted in blocking the related wallets, according to the report. The latest move points to a shift in enforcement focus, from individual wallets toward infrastructure such as trading platforms.
The US Treasury Department’s Office of Foreign Assets Control (OFAC) announced on June 2 sanctions against Nobitex, identified in the report as Iran’s largest cryptocurrency exchange, and three other platforms. OFAC accused them of providing a financing channel for the Islamic Revolutionary Guard Corps (IRGC).
The sanctions target the platforms as well as their executives. Techub, citing CryptoBriefing, said the US had frozen about $344 million in digital assets tied to Iranian networks in April this year, and Tether helped block the related wallets.
The report added that the action shows enforcement attention moving from individual wallets to infrastructure layers such as trading platforms.
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