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Treasury Turns Its Sanctions Fire On Iran's Crypto Rails

OFAC blacklists Tehran-linked digital-asset exchanges as the "Economic Fury" campaign widens to fintech.

The Treasury's sanctions arm designated four Iran-based digital-asset exchanges, Nobitex, Wallex, Bitpin and Ramzinex, extending its "Economic Fury" pressure campaign from oil tankers and exchange houses into crypto rails.

The move follows weeks of designations targeting Iran's shadow fleet, a Persian Gulf authority accused of taxing Hormuz traffic, and front companies moving hundreds of millions for blocked banks.

For compliance teams, the message is widening exposure. Exchanges, payment processors and banks now face fresh screening obligations as Washington maps Tehran's workarounds through digital finance.

Sources: OFAC, Steptoe.

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