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A simple iterative interference cancellation scheme for orthogonal frequency division multiplexing (OFDM) signals with blanking nonlinearity in impulsive noise channels is presented. Blanking nonlinearity has been widely used in practical OFDM systems to suppress impulsive noises at the expense of reducing signal power and generating intercarrier interference (ICI). To improve the performance of blanking nonlinearity element, we propose an iterative interference cancellation scheme which can effectively reduce the level of ICI caused by the blanking operation at the OFDM receiver. With adaptive blanking threshold for each iteration, the proposed iterative receiver design can converge to its best performance with only three iterations. Simulation results show significant performance improvement is achieved by the proposed scheme.