Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says
The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards and handled payments collected from ships buying passage through the world’s most important oil chokepoint.
Key Takeaways
- Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of dollars in bitcoin to the Revolutionary Guards and handled payments collected from ships buying passage through the world’s most important oil chokepoint.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange
The US Treasury sanctioned crypto exchange BitBank on Thursday. The platform was used to move hundreds of millions of dollars in Bitcoin (BTC) to the Islamic Revolutionary Guard Corps (IRGC), the department alleges. The Office of Foreign Assets Control (OFAC)…
Wall Street gains direct oversight of Web3 security as S&P Global buys OpenZeppelin
The security firm says its team and tools will continue, while S&P adds data, research and institutional reach after closing. The post Wall Street gains direct oversight of Web3 security as S&P Global buys OpenZeppelin appeared first on CryptoSlate.
Crypto VC Funding Jumps 31% to $5.7 Billion in Q2 2026
Crypto venture funding rebounded sharply in the second quarter of 2026, with investors deploying about $5.7 billion across 384 deals. The recovery was driven by larger, later-stage financings, while fundraising for new crypto venture funds remained unusually…