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Policy

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

According to a recent statement from the United States Department of the Treasury, a Tehran‑based digital‑currency exchange known as BitBank was employed by Iran’s Revolutionary Guard Corps (IRGC) to move large sums of value in the form of Bitcoin. The Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on the exchange, asserting that it facilitated the transfer of hundreds o…

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 identified a Tehran‑based digital‑currency exchange, BitBank, as a key conduit for illicit financial activity tied to Iran’s strategic control of the Strait of Hormuz. According to the Treasury’s Office of Foreign Assets Control (OFAC), the exchange was used to move massive sums of Bitcoin—amounting to several hundred million U.S. do…

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 blends geopolitics, maritime commerce, and digital currency, U.S. officials have accused a Tehran‑based cryptocurrency exchange of acting as a financial conduit for Iran’s Revolutionary Guard Corps (IRGC). The exchange, identified as BitBank, is alleged to have facilitated the movement of hundreds of millions of dollars’ worth of Bitcoin to the IRGC, while simultane…

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 Collection Operated via a Bitcoin Platform

In a recent announcement that underscores the growing intersection between digital finance and geopolitical strategy, the United States Treasury Department has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to U.S. officials, BitBank was not merely a passive platform for ordinary traders; it functioned as a crucial conduit for the Iranian government, movin…

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

Policy

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

According to a recent statement from the United States Department of the Treasury, a Tehran‑based cryptocurrency exchange known as BitBank has been identified as a key conduit for moving large sums of digital currency on behalf of Iran’s Revolutionary Guard Corps (IRGC). The Treasury alleges that the exchange facilitated the transfer of hundreds of millions of dollars’ worth of bitcoin, effective…

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

Policy

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

In a striking development that underscores the growing intersection of digital finance and geopolitical strategy, the United States Treasury Department has announced sanctions against BitBank, a cryptocurrency exchange based in Tehran. According to the Treasury, BitBank served as a critical conduit for moving vast sums of Bitcoin—amounting to hundreds of millions of dollars—directly to Iran’s eli…

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

Policy

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

In a recent statement, the United States Treasury Department announced sanctions against a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, the platform was used as a conduit for moving vast sums of digital currency—specifically bitcoin—into the hands of Iran’s Islamic Revolutionary Guard Corps (IRGC). The agency further alleges that BitBank facilitated the collec…

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, the United States Treasury Department identified a Tehran‑based digital‑currency exchange, known as BitBank, as a key conduit for moving vast sums of money in the form of Bitcoin to Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury’s Office of Foreign Assets Control (OFAC), the exchange facilitated the transfer of hundreds of millions of dollars worth of…

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

Policy

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

In a recent statement, the United States Treasury Department announced a new round of sanctions targeting a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, BitBank was not merely a passive platform for ordinary traders; instead, it functioned as a financial conduit for the Islamic Republic’s military and strategic operations. The agency alleges that the exchange …

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