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US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

Cointelegraph· Cointelegraph by Felix Ng· Sep 18, 2026 · 1:33 AM
US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.

This is a summary. Read the complete story at Cointelegraph below.

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