BitBank Sanctioned by U.S. Over Alleged Bitcoin Transfers to Iran’s IRGC

The U.S. Treasury Department has sanctioned BitBank, an Iranian crypto exchange it says helped move hundreds of millions of dollars in bitcoin to Iran’s Islamic Revolutionary Guard Corps, or IRGC.The designation, announced Thursday, adds another crypto platform to Washington’s growing list of Iranian exchanges targeted over alleged sanctions evasion and transfers involving sanctioned entities.The Treasury’s Office of Foreign Assets Control, known as OFAC, also sanctioned BitBan