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Crypto

US Treasury Slaps Sanctions on Crypto Exchange Over Iran BTC Toll Scheme

Guavy AI Editorial Team
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BTC
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The US Treasury has imposed sanctions on a cryptocurrency exchange for its involvement in Iran's Bitcoin tolls on ships passing through the Strait of Hormuz.

The exchange, which remains unnamed, is accused of facilitating the collection of Bitcoin payments from ships that pass through the strategic waterway.

Bitcoin's price continues to hold a bullish trend, trading at $78,097.97 and testing upper resistance.

An analysis of the market suggests that the price may experience a retracement towards the 50-EMA before continuing its upward momentum.

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