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Iran’s largest cryptocurrency exchange, Nobitex, is facing increased scrutiny from regulators and policymakers after continuing operations during wartime, raising concerns about its role in global financial flows.
A Key Channel Beyond Sanctions
Nobitex is widely seen as a central component of Iran’s parallel financial system, enabling users to access global markets despite Western sanctions.
The platform reportedly handles about 70% of the country’s crypto activity and claims to serve roughly 11 million users.
Analysts say the exchange provides a bridge between domestic users and international crypto markets, helping individuals navigate inflation and limited access to traditional banking services.
However, investigations cited by Reuters suggest that …
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