OFAC Sanctions Iran's Nobitex Exchange, Alleges 50% of Digital Asset Inflows

According to Foresight News, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned Iran's largest digital asset exchange Nobitex, three other Iranian digital asset exchanges, and related officials including Nobitex chairman Amir Hossein Rad and other company leaders.

OFAC alleged that Nobitex processed over 50% of Iran's digital asset inflows in 2025 and facilitated transactions related to sanctions evasion and connections to Iran's Islamic Revolutionary Guard Corps (IRGC). The Treasury Department also stated that Nobitex helped Iran's central bank acquire hundreds of millions of dollars in stablecoins to support the declining Iranian rial.