最新报道：According to Bijie.com, cryptocurrency trading in Iran slowed significantly in 2025. Geopolitical tensions, cyberattacks, and stricter regulations have shaken the previously booming market. According to blockchain analytics firm TRM Labs, cryptocurrency inflows into Iran totaled approximately $3.70 billion from January to July 2025, an 11% decrease from the same period in 2024. This contraction was particularly pronounced after April, with inflows in June plummeting by over 50% year-over-year. This was followed by an even sharper drop of over 76% in July. Hacking, war, and wallet freezes: Several geopolitical and security events have significantly impacted Iran's cryptocurrency market, including the stalled nuclear negotiations with Israel, the outbreak of armed conflict in June, the $90 million breach of Nobitex, and Tether's blacklisting of a major Iranian-linked stablecoin address. According to TRM's report, these shocks have collectively altered trader behavior, prompted capital outflows to overseas exchanges, and increased the use of alternative blockchains and stablecoins. Despite the turmoil, Nobitex maintained its central position in Iran's cryptocurrency ecosystem, processing over 87% of Iran-related transaction volume in 2025. Of the over $3 billion processed by the platform, approximately $2 billion moved through the Tron network, with significant use of TRC-20 USDT and TRX. This centralization provides efficiencies for users but also amplifies systemic risks, as demonstrated by the Predatory Sparrow group's exploitation of vulnerabilities in Nobitex's infrastructure during the height of Iran-Israel hostilities. The $90 million hack, which froze liquidity, slowed transaction processing, and temporarily pushed users toward smaller or riskier platforms, exposed not only operational weaknesses but also the regime's dual priority of enabling warrantless surveillance while maintaining selective privacy for VIP users. TRM Labs tracked on-chain activity from IRGC-linked actors and sanctioned entities such as Gaza Now, highlighting the political dimension of the attack. Escalating geopolitical tensions in June accelerated capital flight from domestic exchanges, as evidenced by a surge of over 150% in outflows from Nobitex in the week prior to the conflict. These funds often flowed to global exchanges with limited know-your-customer (KYC) measures or high-risk, no-KYC platforms. Tether's freezing of 42 Iran-linked addresses in July, many of which were linked to Nobitex and an actor affiliated with the IRGC, exacerbated the outflows. The freeze disrupted long-standing trading flows and led Iranian users to turn to alternative stablecoins, such as DAI on the Polygon Network. Domestic influencers, government-aligned channels, and exchanges actively encouraged this migration, demonstrating both the adaptability of participants and the regime's use of digital assets to circumvent sanctions. Meanwhile, Iran's domestic regulatory environment continued to evolve, with the enactment of the Speculation and Profit Tax Law in August 2025, which imposed a capital gains tax on cryptocurrency transactions. While expected to be implemented in phases, the measure signals Tehran's intention to formally regulate the digital asset market by including cryptocurrencies in the regime's tax framework alongside gold, real estate, and foreign exchange. Beyond the capital markets, cryptocurrencies remain a key tool for procurement and sanctions circumvention in Iran. For example, Chinese dealers are supplying drone components, AI hardware, and electrical equipment through cryptocurrency transactions, while a sophisticated underground know-your-customer (KYC) circumvention industry supports these operations by providing forged identification documents to gain access to international exchanges.