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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. 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 Department of the Treasury, a cryptocurrency platform based in Tehran, known as BitBank, was used as a financial conduit for the Iranian Revolutionary Guard Corps (IRGC). The agency alleges that the exchange facilitated the movement of several hundred million dollars worth of bitcoin, channeling the digital assets to entities linked to the IR…

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

Policy

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

In a recent announcement, the United States Treasury Department disclosed that it has placed sanctions on BitBank, a cryptocurrency exchange headquartered in Tehran, accusing the platform of facilitating the movement of vast sums of digital currency to Iran’s Islamic Revolutionary Guard Corps (IRGC). According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank acted as a conduit f…

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

Policy

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

According to a recent statement from the United States Department of the Treasury, a digital‑currency exchange based in Tehran, known as BitBank, was used as a financial conduit for the Iranian Revolutionary Guard Corps (IRGC). The Treasury alleges that the exchange facilitated the movement of hundreds of millions of dollars worth of Bitcoin, effectively turning the cryptocurrency platform into a…

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

Policy

U.S. Claims Iran's Hormuz Toll Collection Operated via Bitcoin Exchange

In a recent statement, the United States Treasury Department announced a new round of sanctions targeting a digital‑currency exchange based in Tehran, identified as BitBank. According to the Treasury, the platform was used as a conduit for moving vast sums of cryptocurrency—specifically Bitcoin—directly to Iran’s Islamic Revolutionary Guard Corps (IRGC). The agency further alleges that BitBank fa…

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

Policy

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

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 BitBank, a cryptocurrency exchange operating out of Tehran. 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 hundreds of milli…

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

Policy

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

In a striking development that intertwines geopolitics, digital finance, and maritime security, the United States Treasury Department has announced sanctions against BitBank, a cryptocurrency exchange based in Tehran. According to the Treasury’s statement, BitBank was not merely a passive platform for ordinary traders; rather, it allegedly served as a conduit for moving vast sums of Bitcoin—amoun…

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.