The US Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, as part of its "Economic Fury" campaign to cut Iran off from the financial system. The move aims to prevent the regime from developing nuclear weapons and evading sanctions.
The US Treasury has blacklisted four Iranian crypto platforms, including market leader Nobitex, as part of the 'Economic Fury' campaign. Nobitex is accused of facilitating sanctions evasion and financing for entities like the IRGC, with its co-founder and CEO also targeted.
The US has imposed sanctions on Nobitex, Iran's largest cryptocurrency exchange, and its executives, accusing them of helping the Iranian government bypass Western restrictions. The move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.
Analysis by blockchain intelligence firm Nominis suggests some wallets recently seized by US Treasury for alleged Iran ties may not be linked to the Islamic Republic. The $340 million+ seized by OFAC shows behavioral patterns that diverge from previously observed IRGC-linked wallets, potentially indicating involvement of other state actors like China. The US has seized nearly $500 million in Iranian crypto assets under Operation Epic Fury.
The World Data Organization launched in Beijing on March 30, aiming to align national data policies, develop industry standards, and reduce compliance costs for multinationals. The organization has 200 members across 40 countries, including companies, universities, think tanks, and financial institutions. This launch adds to a growing network of multilateral bodies headquartered in China with international participation.
The US has rebranded Operation Epic Fury to Operation Economic Fury, shifting from military bombing to economic pressure on Iran. Treasury officials have frozen nearly $500 million in cryptocurrency linked to Iranian operations, targeting digital networks that enable Iran to bypass sanctions. The campaign represents a maturation of enforcement capabilities, combining blockchain analytics with traditional financial intelligence to disrupt Iran's sanctions evasion infrastructure.
