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US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

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Importance 56Neutral* Trust 78 · 1 source6.3Market Impact: 6.3/10 · Moderate
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US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments

US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.

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