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US Treasury Sanctions Iran's BitBank Over Hundreds of Millions in Bitcoin (BTC) to IRGC

COINOTAG·September 19, 2026·1 min read
US Treasury Sanctions Iran's BitBank Over Hundreds of Millions in Bitcoin (BTC) to IRGC

OFAC sanctioned Iran's BitBank exchange on Sept 17 over hundreds of millions in Bitcoin allegedly sent to the IRGC, under Operation Economic Outcast. The action targets crypto's role in sanctions evasion, highlighting regulatory efforts to curb illicit financial flows through digital assets.

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