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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 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 Booth Utilized a Bitcoin Exchange

In a recent announcement, the United States Treasury Department revealed that a digital‑currency exchange operating out of Tehran, known as BitBank, has been instrumental in moving large sums of cryptocurrency on behalf of 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 d…

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 Booth Operated via Bitcoin Exchange

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

Policy

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

In a recent announcement that underscores the growing intersection of digital finance and geopolitical conflict, the United States Treasury Department has imposed sanctions on BitBank, a cryptocurrency exchange headquartered in Tehran. According to the Treasury’s Office of Terrorist Financing and Financial Crimes, BitBank was used as a conduit to move substantial sums of Bitcoin—valued at hundred…

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

Policy

U.S. alleges Iran’s Hormuz toll collection used a bitcoin exchange

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 Platform

In a recent statement, U.S. officials disclosed that a digital‑currency exchange based in Tehran, known as BitBank, was allegedly used as a financial conduit for the Islamic Republic’s strategic maritime revenue stream. According to the Treasury Department, the exchange facilitated the movement of a substantial amount of Bitcoin—estimated in the hundreds of millions of dollars—directly to account…

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

Policy

Iran’s Strait of Hormuz toll booth operated via a bitcoin exchange, says U.S.

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