Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls On Hormuz Ships

Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls On Hormuz Ships Via Decrypt.co, The U.S. Treasury has sanctioned BitBank, naming the Iranian exchange it says carried the Bitcoin that shipping companies paid for safe passage through the Strait of Hormuz. Since June, the Office of Foreign Assets Control said, the Hormuz Safe Marine Services Authority has used BitBank to pass the payments it collects on to the Iranian regime. That authority was the body charging vessels in Bitcoin for transit rights, a scheme Treasury designated in July. Today, as part of Operation Economic...