U.S. Treasury sanctions Iran's leading crypto exchange Nobitex and its executives

The U.S. Treasury announced sanctions against Iran's leading cryptocurrency exchange. The exchange identified is Nobitex, the country's biggest crypto platform. The Treasury also sanctioned several of Nobitex's senior executives. Officials say the firm helped the Iranian government evade existing sanctions. They further allege the platform provided financial support to militant groups. The action aims to disrupt illicit financing channels linked to Iran. The sanctions signal increased U.S. pressure on Iran's digital currency sector. Monitoring will continue to assess the impact on Iran's crypto activities.