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US Sanctions Iranian Crypto Platform BitBank Over IRGC Funding
The US Treasury has sanctioned BitBank, an Iranian crypto platform accused of moving hundreds of millions in Bitcoin to the Islamic Revolutionary Guard Corps. The action highlights how blockchain analytics are reshaping sanctions enforcement and what it means for crypto users worldwide.
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U.S. Treasury Sanctions Iranian Crypto Exchange BitBank
The U.S. Treasury has sanctioned BitBank, an Iranian crypto exchange, over alleged Bitcoin transfers to the IRGC. The move signals growing enforcement of crypto regulations and highlights Bitcoin’s traceability on the blockchain.