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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 Collection Operated via a Bitcoin Platform

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

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 disclosed that it has placed sanctions on a Tehran‑based digital‑currency exchange known as BitBank. According to the Treasury’s Office of Foreign Assets Control (OFAC), the platform was used as a conduit for moving vast sums of Bitcoin—estimated in the hundreds of millions of dollars—directly to Iran’s Islamic Revolutionary Guard Co…

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

Policy

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

In a recent statement, the United States Treasury Department announced that it has imposed sanctions on 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—amounting to hundreds of millions of dollars—directly to the Islamic Revolutionary Guard Corps (IRGC), the powerful paramilitary force …

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

Policy

U.S. Claims Iran's Hormuz Toll Operations Utilized a Bitcoin Platform

According to a recent statement from the United States Department of the Treasury, a Tehran‑based digital‑currency exchange known as BitBank has been identified as a conduit for large‑scale financial transactions that support Iran’s Revolutionary Guard Corps (IRGC). The Treasury’s Office of Foreign Assets Control (OFAC) announced that BitBank allegedly facilitated the movement of hundreds of mill…

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

Policy

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

In a recent statement, the United States Treasury Department announced that it has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, BitBank was not merely a passive platform for trading digital assets; it allegedly played a pivotal role in funneling massive sums of Bitcoin—amounting to hundreds of millions of U.S. dollars—directly to Iran’s …

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.

Policy

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

In a recent statement, the United States Treasury Department announced a series of sanctions targeting BitBank, a cryptocurrency exchange based in Tehran, accusing the firm of facilitating large‑scale financial flows that benefit Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury, BitBank acted as a conduit for the conversion of bitcoin into fiat currency, moving an estimated seve…

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

Policy

U.S. alleges Iran’s Hormuz toll facility operated through a cryptocurrency exchange

In a recent announcement, the United States Treasury Department identified a Tehran‑based cryptocurrency 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 digital currency—specifically Bitcoin—directl…

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.