Treasury Sanctions BitBank Over Iranian Crypto Sanctions-Evasion Network

TL;DRU.S. Treasury has sanctioned Iranian digital asset exchange BitBank.
OFAC says the platform was part of a network tied to sanctioned financier Babak Zanjani.
Treasury alleges the infrastructure helped move hundreds of millions of dollars in Bitcoin connected to the IRGC.The U.S. Treasury has targeted another part of Iran’s crypto infrastructure, this time placing digital asset exchange BitBank under sanctions.
The Office of Foreign Assets Control designated BitBank as part of what Tre