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…

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