US Sanctions Iranian Crypto Exchange BitBank Over Alleged Bitcoin Transfers to IRGC
Core Summary The US Treasury announced new sanctions on Iranian cryptocurrency exchange BitBank on September 17, accusing the platform of using the previously sanctioned Hormuz Safe payment channel to transfer cryptocurrency funds collected since June 2026 to Iran’s Islamic Revolutionary Guard Corps. This sanctions action marks a further escalation of US pressure on Iran’s cryptocurrency financial infrastructure and represents the first explicit accusation against a mainstream Iranian domestic crypto trading platform for directly providing funding channels for military organizations. ...