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Policy

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

In a recent announcement that underscores the growing intersection of digital finance and geopolitical strategy, the United States Treasury Department has placed sanctions on BitBank, a cryptocurrency exchange based in Tehran. According to U.S. officials, BitBank played a pivotal role in moving vast sums of Bitcoin—estimated in the hundreds of millions of dollars—directly to Iran’s Islamic Revolu…

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

Policy

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

In a recent announcement, the United States Treasury Department disclosed that it has placed sanctions on a Tehran‑based digital‑currency exchange known as BitBank. According to the Treasury, the platform was used as a conduit for moving a substantial amount of cryptocurrency—specifically, hundreds of millions of dollars’ worth of Bitcoin—into the financial networks of Iran’s Islamic Revolutionar…

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 of digital finance and geopolitical conflict, the United States Treasury Department has sanctioned 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—estimated in the hundreds of millions of dollars…

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

Iran’s Strait of Hormuz Toll Booth Operated Through a Bitcoin Exchange, U.S. Claims

In a striking development that underscores the growing intersection between digital finance and geopolitical strategy, the United States Treasury Department announced sanctions against a Tehran‑based cryptocurrency exchange known as BitBank. According to U.S. officials, the platform was not merely a passive conduit for ordinary traders but was actively used to funnel vast sums of bitcoin—estimate…

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

Policy

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

According to a recent statement from the United States Treasury, a Tehran‑based cryptocurrency exchange known as BitBank was used as a conduit for moving large sums of digital currency on behalf of Iran’s Revolutionary Guard Corps (IRGC). The Treasury’s Office of Terrorist Financing and Financial Crimes (TFF) alleges that BitBank facilitated the transfer of hundreds of millions of dollars worth o…

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 Collection Operated via Bitcoin Exchange

In a striking revelation that blends geopolitics, finance, and technology, the United States Treasury Department announced sanctions against BitBank, a cryptocurrency exchange operating out of Tehran. According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank served as a conduit for the movement of massive amounts of digital currency—specifically Bitcoin—on behalf of Iran’s Isla…

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

Policy

U.S. alleges Iran’s Hormuz toll collection operated via 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 maritime operations. According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank was instrumental in moving vast sums of cryptocurrency—estimated at several hundred million dollars—di…

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

Policy

U.S. Claims Iran’s Hormuz Toll Booth Operated via 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 maritime operations in the Strait of Hormuz. According to the Treasury’s Office of Foreign Assets Control (OFAC), the exchange was used to move vast sums of Bitcoin—amounting to several hundred millio…

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