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U.S. Hits Iran’s Crypto Exchange
Description
The U.S. Treasury slams Iran’s top crypto exchange Nobitex, accusing it of smuggling over half of Iran’s crypto revenue abroad to evade sanctions—just as Tehran appears to shut down ceasefire talks. With $1 billion in Iranian crypto already seized, Washington is tightening its financial noose through crypto sanctions, secondary penalties on global partners, and military blockades in the Strait of Hormuz, aiming to cripple Iran’s economy from every angle.
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