The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four Iranian cryptocurrency exchanges on June 2, representing the largest single enforcement action ever taken against Iran’s digital asset economy. The exchanges sanctioned are: Nobitex: Iran’s largest crypto exchange, handling over 50% of all Iranian digital asset inflows in 2025 Wallex: Iran’s second-largest exchange, accounting for 12% of Iranian crypto inflows Bitpin: Received 10% of Iranian digital asset inflows in 2025 Ramzinex: Founded in 2018, processed over $2.45 billion in lifetime transactions Four Nobitex executives were also…
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