Treasury Sanctions BitBank Over Iranian Crypto Sanctions-Evasion Network
TL;DR U.S. Treasury has sanctioned Iranian digital asset alternate BitBank. OFAC says the platform was a part of a community tied to sanctioned financier Babak Zanjani. Treasury alleges the infrastructure helped transfer a whole bunch of hundreds of thousands of {dollars} in Bitcoin related to the IRGC. The U.S. Treasury has focused one other a…
