Crypto
U.S. Treasury sanctions Iranian exchange Bitbank over bitcoin fund moves
The U.S. Treasury has added Iranian cryptocurrency exchange Bitbank to its sanctions list, targeting what it describes as networks used to move bitcoin to help Iran evade sanctions. The action is part of the Trump administration’s “Operation Economic Outcast” campaign of economic pressure on Iran. The Treasury also designated Iranian financier Babak Zanjani, his software firm, and three associates. Treasury Secretary Scott Bessent said the move shows crypto financing is not beyond U.S. reach.
