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US sanctions Iranian crypto exchange BitBank over bitcoin transfers to IRGC

The U.S. Treasury Department sanctioned Iranian crypto exchange BitBank, alleging it facilitated bitcoin transfers to the Islamic Revolutionary Guard Corps (IRGC), which the U.S. designates as a terrorist group.

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S. Treasury Department on Thursday sanctioned Iranian crypto exchange BitBank, saying it helped move hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps. , European Union, a…