OFAC Sanctions Nobitex and Major Iranian Cryptocurrency Exchanges in Sweeping Evasion Crackdown

The U.S. Treasury's OFAC designated four major Iranian crypto exchanges (Nobitex, Wallex, Bitpin, Ramzinex) and key Nobitex executives for sanctions evasion and facilitating terrorist financing, alleging large-scale stablecoin flows tied to the IRGC and the Central Bank of Iran; the action—targeting platforms that processed a majority of Iran's crypto volumes—creates significant secondary-sanctions risk for international VASPs and requires immediate updates to sanctions screening and transaction monitoring.