Bitcoin
US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments
Cointelegraph·September 18, 2026·1 min read
The US Treasury sanctioned Iranian exchange BitBank for processing payments through Iran's Strait of Hormuz maritime scheme and helping move hundreds of millions of dollars in Bitcoin to the IRGC. The action targets Iran's use of crypto to bypass sanctions and fund military activities.
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