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Policy

U.S. Claims Iran’s Hormuz Toll Facility Utilized a Bitcoin Exchange

In a recent announcement, the United States Treasury Department disclosed that it has imposed sanctions on a digital‑currency exchange operating out of Tehran, known as BitBank. According to the Treasury’s Office of Terrorism and Financial Intelligence, the platform was used as a conduit for moving massive sums of cryptocurrency—specifically Bitcoin—into the hands of Iran’s Islamic Revolutionary …

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. alleges Iran’s Hormuz toll collection was routed through a bitcoin exchange

In a recent announcement that has drawn significant attention from both financial regulators and geopolitical analysts, the United States Treasury Department disclosed that it has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury’s Office of Foreign Assets Control (OFAC), the exchange was allegedly used as a conduit for moving vast sums of dig…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Booth Utilized a Bitcoin Exchange

According to a recent statement from the United States Treasury Department, a cryptocurrency exchange based in Tehran, known as BitBank, has been implicated in a sophisticated scheme that funneled digital assets directly to Iran’s Islamic Revolutionary Guard Corps (IRGC). The Treasury’s Office of Terrorism and Financial Intelligence (OFAC) alleges that BitBank acted as a conduit for moving vast s…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Collection Operated Via a Bitcoin Platform

According to statements from the United States Department of the Treasury, a digital‑currency exchange known as BitBank, which is based in Tehran, was used as a conduit for moving vast sums of money in the form of bitcoin to Iran’s elite military force, the Islamic Revolutionary Guard Corps (IRGC). The Treasury’s Office of Terrorist Financing and Financial Crimes (TFF) said that the exchange faci…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Booth Utilized a Bitcoin Exchange

In a recent statement, U.S. officials have accused a Tehran‑based cryptocurrency platform, known as BitBank, of playing a pivotal role in financing Iran’s Revolutionary Guard Corps (IRGC) by channeling vast sums of digital currency. According to the Treasury Department, the exchange facilitated the movement of hundreds of millions of dollars’ worth of bitcoin, which were subsequently used to supp…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Collection Operated via a Bitcoin Platform

In a recent announcement that underscores the growing intersection between digital finance and geopolitical conflict, the United States Treasury Department has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank was used as a conduit to move vast sums of Bitcoin—valued at several hundred million…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Booth Operated Via a Bitcoin Platform

In a recent announcement that underscores the growing intersection between digital currencies and geopolitical conflict, the United States Treasury Department has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank was used as a conduit for moving vast sums of Bitcoin—valued at several hundred m…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. alleges Iran’s Hormuz toll operations were funneled through a bitcoin exchange

In a recent announcement, the United States Treasury Department disclosed that it has imposed sanctions on a Tehran‑based digital‑currency exchange known as BitBank. According to the Treasury, the platform was used as a conduit for moving vast sums of money—measured in the hundreds of millions of U.S. dollars—into the hands of Iran’s Revolutionary Guard Corps (IRGC). The funds, the agency asserts…

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran's Hormuz Toll Booth Operated via a Bitcoin Platform

In a recent statement, U.S. officials asserted that Iran’s notorious toll collection point at the Strait of Hormuz – the narrow waterway through which a substantial share of the world’s oil supply flows – was not merely a traditional customs checkpoint. According to the Treasury Department, the facility was linked to a digital‑currency operation run by a Tehran‑based exchange called BitBank. The …

Sept. 18, 2026, 6:52 a.m.

Policy

U.S. Claims Iran’s Hormuz Toll Booth Operated via a Bitcoin Platform

In a recent statement, the United States Treasury Department announced sanctions against a Tehran‑based cryptocurrency exchange known as BitBank, accusing the platform of acting as a financial conduit for Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury, BitBank facilitated the movement of hundreds of millions of dollars worth of Bitcoin, channeling the digital assets directly t…

Sept. 18, 2026, 6:52 a.m.