US sanctions Iran-based BitBank over $3 billion crypto payments via Hormuz

🚢 US sanctions Iran-based BitBank for handling over $3 billion in bitcoin payments linked to ships in the Strait of Hormuz. 💰 The US Treasury alleges BitBank processed transactions for the IRGC and other state-linked entities. 🌍 Iran's $7.8 billion crypto market relies increasingly on digital assets to bypass banking restrictions. 💡 Major activity in $BTC is driven by efforts to navigate global sanctions. Continue Reading:US sanctions Iran-based BitBank over $3 billion crypto payments via Hormuz The post US sanctions Iran-based BitBank over $3 billion crypto payments via Hormuz appeared first on COINTURK NEWS.