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US Treasury Sanctions BitBank Over Alleged Bitcoin Transfers to Iran

Guavy AI Editorial Team
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BTC
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The US Treasury Department has sanctioned Iranian cryptocurrency exchange BitBank for allegedly helping to move hundreds of millions of dollars in Bitcoin payments to Iran's Islamic Revolutionary Guard Corps (IRGC).

This is part of Operation Economic Outcast, a broader US campaign targeting Iranian financial networks.

Treasury also designated BitBank's software developer, Pishtaz Simorgh Electronic Trade Company, and three associates tied to Iranian financier Babak Zanjani.

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