The Nobitex dilemma: How Iran’s biggest crypto exchange stays off the OFAC blacklist
The post The Nobitex dilemma: How Iran’s biggest crypto exchange stays off the OFAC blacklist appeared on BitcoinEthereumNews.com. Iran’s internet formally remained part of global routing, but user activity fell almost to zero. That points to a managed restriction on citizens’ access to the external network. Source: IODA. But in that digital darkness, one vital financial service continued to operate without interruption: Nobitex, a cryptocurrency exchange linked to Iran’s ruling elite. We compiled the available information about the platform and tried to understand how Iranian authorities use it, what investigations by analytics firms have revealed, and why, despite all these findings, the exchange is still not on OFAC’s SDN List. The scale and scope of Iran’s crypto giant Nobitex is far from a niche platform. While estimates vary, analysts agree that the asset flows moving through the exchange are measured in the billions of dollars. For instance, TRM Labs recorded an observed volume