U.S. Department of the Treasury sanctions Nobitex and three other Iranian digital asset exchanges over IRGC-linked transactions

The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated Nobitex, Iran’s largest digital asset exchange, along with Wallex, Bitpin and Ramzinex, and four Nobitex leaders. The action targets alleged sanctions evasion and Islamic Revolutionary Guard Corps-linked activity through Iranian digital asset exchanges. As a result, property and interests in property of the designated persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from dealing with them. Treasury said Nobitex processed more than 50 percent of all Iranian digital asset inflows in 2025, helped the Central Bank of Iran access hundreds of millions of dollars in stablecoins, and facilitated transactions tied to Iran’s terrorist activities, IRGC-affiliated ransomware actors, and cross-border sanctions evasion. The designated Nobitex officials are chairman and co-founder Amir Hossein Rad, co-founders Seyed Mohammad Ali Aghamir Mohammad Ali and Seyed Mohammad Aghamir Mohammad Ali, and chief executive Seyed Ali Khoee. Nobitex was designated under Executive Orders 13224 and 13902, while Wallex, Bitpin and Ramzinex were designated under Executive Order 13902 for operating in Iran’s financial sector. Treasury described Wallex as receiving 12 percent of Iranian digital asset inflows in 2025, Bitpin 10 percent, and Ramzinex as having processed more than USD 2.45 billion in transactions. Entities owned 50 percent or more by blocked persons are also blocked.