US sanctions Iran’s largest crypto exchangeIran’s largest crypto exchange
The United States on June 2 sanctioned Nobitex, Iran’s biggest cryptocurrency exchange, along with several related individuals and entities. The Treasury said the platform had ties to the Islamic Revolutionary Guard Corps and had been used to move value outside Iran, making the move part of Washington’s broader pressure campaign on Tehran.
US Treasury
The Treasury presented the action as a financial pressure step aimed at disrupting sanctions evasion and other channels used by Iranian actors. Officials said crypto platforms can help move funds quickly across borders when traditional banking is restricted.
Iranian Position
Iran has often argued that U.S. sanctions are designed to weaken its economy and limit access to the global financial system. From that view, restrictions on digital assets are another extension of the same pressure.
- Iran has one of the world’s oldest state-level internet censorship systems.
- Crypto trading surged in several sanctioned economies after banking access tightened.
- The IRGC was formed after Iran’s 1979 revolution and remains deeply embedded in state power.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
