The US Department of the Treasury just put four Iranian digital asset exchanges on its sanctions list, cutting them off from the global financial system in one coordinated move. The Office of Foreign Assets Control (OFAC) designated Nobitex, Wallex, Bitpin, and Ramzinex on June 2, alongside four Iranian nationals tied to the exchanges.
The action falls under what Treasury is calling the “Economic Fury” campaign. The legal foundation rests on two executive orders. E.O. 13224 deals with counterterrorism, giving Treasury broad authority to target entities financing or supporting terrorist organizations. E.O. 13902 specifically targets Iran’s financial sector.
What got sanctioned and why it matters
Nobitex is the big fish here. The exchange processed more than 50% of all Iranian digital asset inflows in 2025, making it far and away the dominant on-ramp for crypto in the country.
Wallex handled roughly 12% of Iranian digital asset inflows, while Bitpin accounted for about 10%. Ramzinex rounds out the list as the fourth designated exchange.
