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

CoinTelegraph
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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.

Key Takeaways

  1. 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.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on CoinTelegraph

Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.