TechUS sanctions BitBank and its software developer over alleged links to IRGC Bitcoin transfers
CryptoSlate, citing OFAC, says the Iranian crypto exchange was part of a sanctions-evasion network tied to financier Babak Zanjani.
TLDR
CryptoSlate reports that the US sanctioned Iranian crypto exchange BitBank and its software developer over alleged links to hundreds of millions of dollars in Bitcoin transfers to the IRGC. The outlet cites OFAC as saying BitBank was part of a broader sanctions-evasion network tied to financier Babak Zanjani, including companies and developers behind the exchange.
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US sanctions BitBank and its software developer over alleged links to IRGC Bitcoin transfers
CryptoSlate, citing OFAC, says the Iranian crypto exchange was part of a sanctions-evasion network tied to financier Babak Zanjani.
TLDR
CryptoSlate reports that the US sanctioned Iranian crypto exchange BitBank and its software developer over alleged links to hundreds of millions of dollars in Bitcoin transfers to the IRGC. The outlet cites OFAC as saying BitBank was part of a broader sanctions-evasion network tied to financier Babak Zanjani, including companies and developers behind the exchange.