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) also designated BitBank’s software developer and three associates of Babak Zanjani. The Iranian financier already The post Can Iran Still Fund the IRGC With Crypto? Treasury Just Sanctioned Another Exchange appeared first on BeInCrypto.
Key Takeaways
- 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) also designated BitBank’s software developer and three associates of Babak Zanjani.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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