Crypto
US Treasury Sanctions Iranian Exchange BitBank for Alleged Bitcoin Transfers
US Treasury Department has imposed sanctions on Iranian exchange BitBank for allegedly assisting in the transfer of billions of dollars' worth of Bitcoin.
The move comes as part of ongoing efforts to enforce US sanctions against Iran, which have been in place since 2015.
According to reports, BitBank helped facilitate the transfer of a significant amount of Bitcoin out of Iran, potentially undermining US sanctions and financial restrictions.