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OFAC sanctions Nobitex and designates executives

Regulatory/Legal Action
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1 unique sources, 1 articles

Summary

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OFAC sanctioned Nobitex and designated its executives and founders, freezing covered U.S.-jurisdiction assets and blocking U.S. business with the exchange and its leaders. The action targets Iran's largest cryptocurrency exchange over payments tied to terrorist activities, sanctions evasion, and IRGC-linked transactions. Treasury said Nobitex processed more than 50 percent of Iranian digital asset inflows in 2025 and helped move hundreds of millions of dollars in stablecoins for the Central Bank of Iran. The sanctions also add pressure across the wider Iranian crypto ecosystem named in the same enforcement action.

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Timeline

  1. 03.06.2026 23:31 2 articles · 2h ago

    OFAC sanctions Nobitex and designates its executives

    Legal Policy Action Update

    The U.S. Treasury's Office of Foreign Assets Control sanctioned Nobitex, Iran's largest cryptocurrency exchange, for facilitating payments tied to terrorist activities, sanctions evasion efforts, and IRGC-linked transactions, including wallets associated with IRGC-linked ransomware actors. OFAC also designated Nobitex chairman Amir Hossein Rad, CEO Seyed Ali Khoee, co-founder Seyed Mohammad Ali Aghamir Mohammad Ali, and blockchain lead Seyed Mohammad Aghamir Mohammad Ali; the action freezes covered property under U.S. jurisdiction and bars U.S. persons from doing business with the designated parties.

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