US sanctions Iran’s largest digital asset exchange

Associated Press — Jun 02, 20:45 PM

The Trump administration has placed sanctions on Iran’s largest digital asset exchange, Nobitex, and three others.

This move is part of ongoing efforts to pressure Iran into a deal to end a war with the U.S. and Israel.

Treasury says Nobitex processed over 50% of Iran's digital asset income last year and supports sanctions evasion.

On Tuesday, Iranian news agencies reported Iran stopped communicating with mediators about a ceasefire extension.

President Trump disputes this, saying talks continue.

Treasury accuses Nobitex of moving assets to shield regime wealth.

The U.S. has also imposed sanctions on Iran's Persian Gulf Strait Authority.