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Bitcoin Cointelegraph

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.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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.

Why this matters

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

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