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- October 12, 202619°
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- USD49.220.00%
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- INTEREST37.00%-1.00
- BITCOIN82,747-1.11%
- October 12, 202619°
US sanctions Iranian crypto companies
The US added four individuals and four entities linked to Iran to the sanctions list. Nobitex, Bitpin, Ramzinex, and Wallex are targeted.
The US announced new sanctions targeting Iran's cryptocurrency ecosystem. The Washington administration added four individuals and four entities linked to Iran to the sanctions list.
The Office of Foreign Assets Control under the US Treasury Department announced the sanction decision on Tuesday. According to the statement, the four listed individuals were noted to be connected with Iran's largest cryptocurrency exchange Nobitex.
Highlights
- The US imposed sanctions on four individuals and four entities linked to Iran.
- The targeted companies include Nobitex, Bitpin, Ramzinex, and Wallex.
- The sanctions were reported to be directed at entities in the cryptocurrency and financial services sectors.
- The US administration carried out the move as part of its pressure policy against Iran.
Crypto companies are targeted
The entities added to the sanctions list also included Bitpin, Ramzinex, and Wallex. These companies were reported to operate in the financial and cryptocurrency services sectors.
The Treasury Department stated that Nobitex and other digital asset exchanges were also included in the sanctions. It was expressed that the decision is part of the US's ongoing pressure campaign against Iran.
Washington's message
The statement noted that the sanctions were implemented within the framework of President Donald Trump's efforts to combat elements described as a "threat" to Iran. The US administration continues to increase economic pressure on Tehran with this step.
Meanwhile, the decision came at a time when the Trump administration was continuing its efforts to seek an agreement with Iran. However, the text did not include the stage of these initiatives or any new results regarding the negotiations.
Context: The sanctions line between the US and Iran has expanded in recent years through energy, finance, and digital assets. Cryptocurrency companies are also emerging as new chapters of this pressure.
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