Overview
- On Tuesday the Treasury’s Office of Foreign Assets Control added Nobitex, Wallex, Bitpin and Ramzinex to the Specially Designated Nationals list, immediately blocking U.S. property interests in those firms.
- OFAC said Nobitex processed more than half of Iran’s crypto inflows in 2025 and facilitated transactions tied to the Islamic Revolutionary Guard Corps, ransomware actors and stablecoin transfers for Iran’s central bank.
- The Treasury also named senior Nobitex executives including chairman Amir Hossein Rad and CEO Seyed Ali Khoee, marking a shift toward personal designations that create direct legal exposure for individuals.
- The action builds on the Economic Fury campaign and follows cooperative steps such as stablecoin freezes and what the Treasury says are roughly $1 billion in crypto seizures, pressuring issuers, foreign exchanges and banks to cut ties or face secondary sanctions.
- For ordinary Iranians the designations threaten major on‑ramps for moving rials into digital assets and could force users to find alternative, often riskier, ways to send money because centralized exchange access and stablecoin liquidity may shrink.