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The US has announced sanctions on Iran’s biggest cryptocurrency exchange, accusing it of enabling the Iranian government and state institutions to circumvent Western sanctions, Reuters reports.
The new sanctions follow a Reuters investigation which showed that Nobitex processed hundreds of millions of dollars for Iran’s central bank and the Islamic Revolutionary Guard Corps (IRGC).
In an emailed statement to Reuters in April, Nobitex said it had no direct government connections and denied assisting the state.
