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Sep 17, 2026

US sanctions Iranian crypto exchange BitBank over alleged IRGC bitcoin transfers

The US Treasury sanctioned Iranian cryptocurrency exchange BitBank, accusing it of processing hundreds of millions of dollars in bitcoin for Iran's Islamic Revolutionary Guard Corps and facilitating payments for ships transiting the Strait of Hormuz.

Sep 17, 2026·5 sources

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Top claims

▪The US should not sanction software developers who write code for cryptocurrency platforms
▪Iranian financier Babak Zanjani, who was sentenced to death for embezzlement in 2016 before his sentence was commuted in 2024, re-emerged in 2025 as a backer of Iranian government economic projects
▪US sanctions on centralized crypto exchanges fail to stop illicit state finance

Topics

Strait of Hormuz Crypto privacy & surveillance Strait of Hormuz blockage Islamic Revolutionary Guard Corps Sanctions & economic countermeasures Anti-money laundering (AML)Iran & regional influence Crypto Sanctions Compliance Bitcoin

Related entities

United States Iran Bitcoin