US sanctions Iran's largest crypto exchange over IRGC links
The US announced sanctions on Nobitex, Iran’s biggest cryptocurrency exchange, on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent western sanctions. The new sanctions follow a Reuters investigation published on 1 May, which showed how Nobitex had become a central node in a parallel financial system used to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps.
The US announced sanctions on Nobitex, Iran’s biggest cryptocurrency exchange, on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent western sanctions. The new sanctions follow a Reuters investigation published on 1 May, which showed how Nobitex had become a central node in a parallel financial system used to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps.
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