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Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

CoinDesk· Shaurya Malwa· Sep 18, 2026 · 6:52 AM
Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards and handled payments collected from ships buying passage through the world’s most important oil chokepoint.

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