Browsing: Sanctions

BTCLIVE BTC price on Oct 25, 2026 at 7am EDT $79,700 or above1.01×99% $79,900 or above1.02×98%

A Sept. 22 report by Bloomberg, cited by Reuters, said federal prosecutors are looking into whether Binance knowingly allowed Iran to trade in violation of sanctions.

The U.S. Treasury has sanctioned BitBank, naming the Iranian exchange it says carried the Bitcoin that shipping companies paid for safe passage through the Strait of Hormuz.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Iranian crypto exchange BitBank. The agency claims the platform was used to transfer hundreds of millions of dollars’ worth of bitcoin to the Islamic Revolutionary Guard Corps (IRGC).

The U.S. Treasury’s Office of Foreign Asset Control has identified and sanctioned an Iranian bitcoin exchange linked to the “Hormuz Safe Marine Services Authority,” a front company that enables the Islamic Revolutionary Guard Corps’ fee-for-transit scheme for the Strait of Hormuz. 

US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz.

UA.NEWS18 September 2026 02:49

US Treasury’s OFAC designated BitBank as a priority Iranian digital asset target today. The action is part of Operation Economic Outcast, targeting Iran’s crypto-based sanctions evasion. BitBank joins a broader list of Iranian entities using digital assets to circumvent US sanctions. The designation exposes any US person transacting with BitBank to potential civil and criminal…

The United States announced sanctions on an Iranian cryptocurrency exchange controlled by sanctioned Iranian financier Babak Zanjani on Thursday, accusing ‌it of processing payments for ships to transit safely through the Strait of Hormuz.

Add preferred source The U.S. Treasury Department on the 17th imposed sanctions on Bitbank, a cryptocurrency exchange controlled by sanctioned Iranian financier Babak Zanjani. The exchange allegedly processed safe-passage fees for vessels transiting the Strait of Hormuz and funneled hundreds of millions of dollars to the Islamic Revolutionary Guard Corps. A software development firm and…