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Policy

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

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 Operations Utilized a Bitcoin Exchange

In a recent announcement, the United States Treasury Department revealed that it has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, the exchange was used as a conduit for moving a substantial amount of value—measured in hundreds of millions of U.S. dollars—into the hands of Iran’s Revolutionary Guard Corps (RGC). The alleged scheme involve…

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

Policy

U.S. Claims Iran’s Hormuz Toll Booth Utilized 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 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 for moving massive sums of Bitcoin—valued at hundreds of millions o…

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. 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 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.

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.