Iranian Crypto Exchange Nobitex Hit with US Sanctions for Alleged IRGC Support

US Sanctions Target Iran's Nobitex Cryptocurrency Platform

According to Главком: The United States has imposed sanctions on Iran-based cryptocurrency exchange Nobitex and its executives, accusing them of helping the Iranian government bypass international financial restrictions. Washington alleges the platform facilitated transactions linked to Iran's Islamic Revolutionary Guard Corps (IRGC) and the Central Bank of Iran. These measures follow a Reuters investigation revealing that hundreds of millions of dollars in state-linked transactions moved through Nobitex.

Exchange Leadership Under Scrutiny

The sanctions target CEO Amir Hossein Rad, as well as brothers Seyed Mohammad Ali and Aghamir Mohammad Ali. US authorities link these executives to influential political circles in Iran. Reports indicate Nobitex also helped the regime move assets during internet blackouts in the country.

Scott Bessent: 'Iranian authorities use digital assets to evade sanctions and funnel money abroad.'

These sanctions are part of broader economic restrictions announced earlier by the US Treasury Department, including additional measures on military oil sales. Washington continues to tighten financial pressure on Tehran, particularly regarding its international activities.

The crackdown on Nobitex and its leadership underscores Washington's resolve to combat funding that may support Iranian military entities and their global operations. It also highlights the growing challenge of monitoring cryptocurrency exchanges, which can be exploited to bypass traditional financial systems. Such US actions are likely to further strain Iran's financial landscape and reinforce international economic restrictions against the country.

The recent sanctions against Nobitex are part of a larger trend in the U.S. approach to Iran, reflecting a strategic effort to impose economic pressure on the regime. For further insights into the U.S. sanctions campaign that is intensifying against Iran, including its implications for the country's economy and international relations, see our detailed coverage on the broader economic sanctions against Iran.