Crypto

US Sanctions Iranian Trading Platform BitBank Amid Billions in Bitcoin Transfers

Guavy AI Editorial Team Published September 20, 2026

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BTC

The US Department of Finance has imposed sanctions on Iranian trading platform BitBank. The move follows reports that billions of dollars in Bitcoin have been transferred to the Islamic Revolutionary Guard Corps (IRGC).

The sanction aims to restrict the flow of funds between the IRGC and the global financial system. It is unclear how this will impact cryptocurrency transactions involving Iran or the IRGC.

The Wire

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