US Sanctions Iran’s BitBank, Zanjani Associates Over Crypto Network
Key Highlights The U.S. Treasury Department sanctioned Iranian crypto exchange BitBank, its developer Pishtaz Simorgh Electronic Trade Company, and four individuals linked to financier Babak Zanjani for moving hundreds of millions of dollars in Bitcoin to Iran’s Islamic Revolutionary Guard Corps. The designations were announced under “Operation Economic Outcast” and target a network that operated ...