An investigation finds Nobitex was founded by two brothers from Iran's Kharrazi family; the crypto exchange processed hundreds of millions beyond US sanctions (Reuters)
Nobitex, a cryptocurrency exchange, was founded by two brothers from Iran's Kharrazi family and has processed hundreds of millions of dollars in transactions, according to an investigation. The activity appears to have circumvented U.S. sanctions, raising concerns about compliance and oversight in the crypto sector. The findings highlight ongoing challenges in regulating digital financial platforms with international ties.
- ▪Nobitex was founded by two brothers from Iran's Kharrazi family.
- ▪The crypto exchange processed hundreds of millions of dollars in transactions.
- ▪These transactions occurred beyond the reach of U.S. sanctions.
- ▪The investigation raises questions about enforcement of financial regulations in the cryptocurrency industry.
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