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US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers

The United States blacklisted Iranian crypto exchange Bitbank and its software developer over alleged sanctions-evasion activity. Treasury says financier Babak Zanjani used the platform to move hundreds of millions of do...

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US Blacklists Bitbank Over Hundreds of Millions in Bitcoin Transfers
The United States blacklisted Iranian crypto exchange Bitbank and its software developer over alleged sanctions-evasion activity. Treasury says financier Babak Zanjani used the platform to move hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps (IRGC), an elite branch of Iran’s armed forces. Treasury Blocks Bitbank and Its Developer Companies handling […]

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Bitcoin is showing up inside the Institutional Adoption theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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