- The U.S. slapped sanctions on Nobitex, Iran’s largest cryptocurrency exchange, saying it helped the government and the IRGC dodge Western sanctions.
- A Reuters probe found Nobitex routed hundreds of millions for Iran’s central bank and IRGC and is tied to a powerful political family.
- Nobitex and two founding brothers were individually sanctioned; the exchange says it had planned for sanctions and denies direct government ties.
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