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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 imposed sanctions on a digital‑currency exchange known as BitBank, which is based in Tehran. According to the Treasury’s Office of Foreign Assets Control (OFAC), the platform was used as a conduit for moving massive sums of cryptocurrency—specifically Bitcoin—into the coffers of Iran’s Islamic Revolutionary Guar…

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

Policy

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

In a recent statement, U.S. officials asserted that Iran’s notorious toll collection point at the Strait of Hormuz – the narrow waterway through which a substantial share of the world’s oil supply flows – was not merely a traditional customs checkpoint. According to the Treasury Department, the facility was linked to a digital‑currency operation run by a Tehran‑based exchange called BitBank. The …

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

Policy

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

In a recent statement, the United States Treasury Department announced punitive measures against a Tehran‑based digital‑currency exchange known as BitBank. According to the Treasury, the platform was used as a financial conduit for the Islamic Revolutionary Guard Corps (IRGC), moving vast sums of Bitcoin that were ultimately converted into cash to fund the militia’s operations. The agency also al…

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

Policy

U.S. claims Iran’s Strait of Hormuz toll operations were conducted via a bitcoin exchange

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

Policy

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

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 chokepoint, the Strait of Hormuz. According to the Treasury’s Office of Terrorism and Financial Intelligence, BitBank allegedly facilitated the movement of vast sums—amounting to hundreds of …

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

Policy

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

In a recent statement, the United States Treasury Department announced punitive measures against a Tehran‑based digital currency exchange known as BitBank, accusing the platform of serving as a financial conduit for Iran’s Revolutionary Guard Corps (IRGC). According to the Treasury, BitBank allegedly facilitated the movement of vast sums—amounting to hundreds of millions of U.S. dollars—by conver…

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 called BitBank as a key conduit for illicit financial activity linked to Iran’s strategic maritime chokepoint, the Strait of Hormuz. According to the Treasury’s Office of Foreign Assets Control (OFAC), BitBank was used to move vast sums—amounting to hundreds of millions of U.S. doll…

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

Policy

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

According to statements from the United States Treasury Department, a Tehran‑based cryptocurrency platform known as BitBank has been identified as a key financial conduit for Iran’s Revolutionary Guard Corps (IRGC). The Treasury alleges that the exchange facilitated the movement of vast sums—amounting to several hundred million dollars—via Bitcoin transactions that were ultimately directed to the…

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 Treasury, a Tehran‑based digital‑currency exchange known as BitBank has been implicated in a sophisticated financial scheme that funneled large sums of cryptocurrency to Iran’s Revolutionary Guard Corps (RGC). The Treasury’s Office of Foreign Assets Control (OFAC) announced that BitBank was used as a conduit for moving hundreds of millions of…

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.