The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system.
The Treasury said on Tuesday that it added crypto exchanges Wallex, Bitpin and Ramzinex to the Office of Foreign Assets Control’s sanction list, prohibiting US businesses and persons from providing services to those platforms.
“While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country,” said Treasury Secretary Scott Bessent.
Trending: She got a hysterectomy to become a man — then Jesus wrecked her plans
The Treasury’s efforts to cut financial networks from Iran are at the center of its “Economic Fury” campaign, which commenced on April 14, months into the Iran war that kicked off with joint US-Israeli strikes on the country in February.
Source: Treasury Department
The US has repeatedly struck Iran amid efforts
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!