President Donald Trump’s administration announced a new round of economic sanctions against Iran that targets the country’s main cryptocurrency exchange platforms, in an effort to restrict the avenues that, according to Washington, have allowed the Iranian government to evade international financial restrictions and mobilize resources for activities considered illicit.
The Treasury Department reported that the measures affect four Iranian citizens and four companies dedicated to the exchange of digital assets: Nobitex, Bitpin, Ramzinex and Wallex. US authorities also warned that foreign financial institutions or individuals who maintain certain transactions with these companies could also face sanctions.
The decision places Nobitex, considered the largest cryptocurrency platform in Iran, at the center of the financial offensive. U.S. officials maintain that the company played a key role in funneling resources linked to the Iranian government, the Central Bank of Iran and the Islamic Revolutionary Guard Corps.
Treasury Secretary Scott Bessent stated that the Iranian regime has resorted to the use of digital assets to protect financial resources and circumvent restrictions imposed by the West.
“As Iran’s economy faces increasing difficulties, the regime has used digital asset technologies to advance its interests and avoid international sanctions,” Bessent said in a statement.
Whereas Iran’s economy is in free drop, the regime has chosen to co-decide digital asset applied sciences for its win corrupt agenda, on the side of evading sanctions and transferring wealth out of the country. Iran’s contemporary financial chaos is proof that @POTUS’ maximum rigidity marketing campaign has? https://t.co/CJPNSgccqh
— Treasury Secretary Scott Bessent (@SecScottBessent) June 2, 2026
Nobitex accused of facilitating operations for the Iranian regime
According to the Treasury Department, Nobitex processed more than half of the digital asset flows recorded in Iran during 2025 and allowed operations linked to entities sanctioned by the United States.
Authorities maintain that the platform helped the Iranian Central Bank access hundreds of millions of dollars in stablecoins and facilitated transactions related to the Revolutionary Guard. They also claim that, during periods of web restrictions within Iran, the company continued to process financial movements worth millions of dollars.
The sanctions include Amir Hossein Rad, former president, co-founder and former CEO of Nobitex, as well as other senior managers. Among the sanctioned individuals are also the brothers Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali, identified as co-founders of the company.
Recent investigations indicated that both belong to the influential Kharrazi family, one of the closest to the power structures of the Islamic Republic.
Nevertheless, Nobitex has previously denied the allegations. In statements sent to international media months ago, the company assured that it does not maintain direct ties with the Iranian government. and denied collaborating with state agencies. The platform also claimed that any illicit operations carried out by users occurred without the knowledge or authorization of its administration.
Today, Treasury’s Quandary of business of Foreign Sources Preserve watch over designated Nobitex, Iran’s finest digital asset alternate, along with three other Iranian digital asset exchanges, as allotment of Economic Fury and the Trump Administration’s efforts to acquire rid of the possibility posed by the Iranian?
— Treasury Department (@USTreasury) June 2, 2026
Washington’s financial pressure on Tehran grows
The sanctions are part of the economic pressure strategy promoted by Washington to limit Tehran’s sources of financing.
In addition to Nobitex, the Treasury sanctioned Wallex, Bitpin and Ramzinex, platforms that concentrate a significant portion of digital asset transactions within Iran. U.S. officials maintain that these companies have served as channels to move funds outside the reach of the traditional international financial system.
The measure adds to other recent actions against networks linked to the Iranian oil trade and financial mechanisms related to the Revolutionary Guard. At the same time, the State Department’s “Rewards for Justice” program maintains an offer of up to $15 million for information that contributes to disrupting the financial structures of the Iranian military group.
With this new round of sanctions, Washington seeks to reinforce Iran’s financial isolation and close spaces that, according to US authorities, have allowed the Iranian government to use the cryptocurrency market to circumvent international economic restrictions.
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