Key Takeaways:
OFAC sanctioned Nobitex and 3 Iranian exchanges on June 2, 2026.Nobitex handled over 50% of Iran crypto inflows in 2025, the Treasury said.Ramzinex processed $2.45B as firms face tighter Iran screening next.Treasury said Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and facilitated payments linked to Iran’s Islamic Revolutionary Guard Corps, including wallets associated with IRGC-affiliated ransomware actors.
Treasury Secretary Scott Bessent said Iran’s government had “co-opt” digital asset technology for sanctions evasion and wealth transfers, adding that Treasury would “continue to follow the money” through banks and digital assets.
OFAC designated Nobitex under Executive Order 13224 for material support to the IRGC and under Executive Order 13902 for operating in Iran’s financial sector.
Other Exchanges NamedBitpin received about 10% of Iranian digital asset inflows in 2025 and processed millions of dollars in transactions linked to the IRGC, according to the Treasury.
Ramzinex, a Tehran-based exchange founded in 2018, processed more than $2.45 billion in transactions, including activity tied to the IRGC and a government-backed financial institution.
Compliance Stakes RiseThe sanctions freeze property and interests in property within U.S. jurisdiction and generally bar U.S. persons from dealing with the designated parties. Entities owned 50% or more by blocked persons are also blocked.
For traders and compliance teams, the message is direct: Iranian exchange exposure is now more visible, more searchable, and more likely to draw enforcement scrutiny.
