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U.S. Targets Iranian Cryptocurrency Firms in Latest Sanctions Move

According to a Treasury Department notice, the sanctioned digital asset platforms include Nobitex, Bitpin, Ramzinex, and Wallex.

US Treasury issues new Iran sanctions: (Pic Via:@Reuters)

The U.S. Treasury Department announced a new round of Iran-related sanctions on Tuesday, targeting four Iranian nationals and four cryptocurrency exchanges as Washington continues to increase economic pressure on Tehran.

According to a Treasury Department notice, the sanctioned digital asset platforms include Nobitex, Bitpin, Ramzinex, and Wallex.

The department also warned that foreign financial institutions and individuals could face penalties if they engage in certain transactions involving the sanctioned entities.

The latest action underscores the Trump administration’s continued use of financial restrictions to limit Iran’s access to international markets and digital financial networks.

The sanctions expand U.S. efforts to monitor and disrupt channels that could potentially be used to circumvent existing economic restrictions.

The announcement comes amid uncertainty surrounding diplomatic efforts tied to the conflict involving Iran, Israel, and the United States.

According to semiofficial Iranian media reports, Tehran has halted communication with mediators regarding a possible extension of a ceasefire. However, President Donald Trump has rejected those claims, maintaining that discussions remain ongoing.

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