Peace talks appear stalled, or even halted completely – despite President Trump’s denials – and the US Department of Treasury is still swinging hard, as part of the ongoing effort to bring about economic collapse in Iran and ‘solve’ the Hormuz Strait shipping crisis. In the latest installment of Washington’s economic whac-a-mole, the US on Tuesday unveiled sanctions on Iran’s biggest cryptocurrency exchange – and several others, for allegedly enabling the Iranian government and blacklisted state institutions to thwart US and EU sanctions. The largest platform, identified as Nobitex, is believed to have assisted in allowing hundreds of millions of dollars to pour into Iran’s central bank and the ⁠Islamic Revolutionary Guard Corps (IRGC), as a sanctions work-around and parallel financial system. “While Iran’s economy is in free ⁠fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country,” Treasury Secretary Scott Bessent stated in announcing the new action. “Following the commencement of U.S. combat operations in Iran, Nobitex played a role in protecting and moving assets and funds out of Iran to shield regime ‌wealth despite ​internet blackouts,” the statement added. Nobitex rejected that it has direct government connections and denied [...]