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US sanctions iran crypto exchange

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https://www.reuters.com/world/middle-east/us-sanctions-irans-largest-crypto-exchange-over-irgc-links-2026-06-02/

  • Reuters found Nobitex processed millions for Iran's central bank and IRGC

  • US Treasury sanctioned Nobitex founders and CEO for aiding sanctioned Iranian entities

  • Nobitex denies direct government ties or knowingly facilitating illicit transactions

LONDON, June 2 (Reuters) - The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing ‌it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.

The new sanctions follow a Reuters investigation published on May 1 which showed how Nobitex had become a central node in a parallel financial system used to process hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps. The report also revealed how Nobitex continued operating even after the government-imposed internet shutdown, processing millions of dollars of transactions.


I have just about NO knowledge of crypto. Aren't there crypto exchanges NOT throttled by the US that Iran could use?

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