Crypto

Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC

Bitcoin Magazine Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC The U.S. is targeting Iran's use of crypto — specifically bitcoin. This post Treasury Sanctions Iranian Crypto Exchange BitBank Over Bitcoin Transfers to IRGC first appeared on Bitcoin Magazine and i

Source: Bitcoin Magazine

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DW NOTE

The U.S. sanctioned BitBank for allegedly transferring bitcoin to the IRGC at a moment when Iran has closed the Strait of Hormuz for seven months and oil trades above $100. Treasury can blacklist an exchange, but it cannot blacklist a decentralised network — which is precisely why Iran is using it.

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