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Policy

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

The United States Department of the Treasury has taken decisive action against a digital‑currency exchange based in Tehran, accusing it of serving as a financial conduit for Iran’s Revolutionary Guard Corps (IRGC) and for facilitating payments tied to the passage of commercial ships through the Strait of Hormuz. The exchange, identified as BitBank, is alleged to have moved vast sums—amounting to …

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

Policy

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

In a recent announcement, 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 Terrorist Financing and Financial Crimes, BitBank was used as a conduit for moving large sums of digital currency—specifically bitcoin—into the hands of Iran’s Islamic Revolutionary Guard Corps (IR…

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 have alleged that Iran has been using a digital currency exchange to funnel money earned from the strategic Strait of Hormuz, one of the world’s most vital maritime chokepoints for oil transport. According to the Treasury Department, the exchange—identified as BitBank, a Tehran‑based platform—served as a conduit for moving vast sums of Bitcoin, amounting to h…

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. 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 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. Claims Iran’s Hormuz Toll Facility Operated via a Bitcoin Platform

In a recent development that highlights the growing intersection between digital currencies and geopolitical strategy, the United States Treasury Department announced sanctions against a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, BitBank functioned as a financial conduit for Iran’s Revolutionary Guard Corps (IRGC), moving vast sums—estimated in the hundreds …

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 collection was facilitated through a bitcoin exchange

In a recent announcement, the United States Treasury Department disclosed that it has imposed sanctions on a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, BitBank was not simply a passive platform for trading digital assets; rather, it played a pivotal role in moving vast sums of money—measured in the hundreds of millions of dollars—into the hands of Iran’s Rev…

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, the United States Treasury Department announced a new round of sanctions targeting a Tehran‑based cryptocurrency exchange known as BitBank. According to the Treasury, the exchange played a pivotal role in moving massive sums of digital currency—specifically, hundreds of millions of dollars worth of Bitcoin—into the hands of Iran’s elite paramilitary force, the Islamic Revol…

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