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US Treasury sanctions Iranian crypto exchange BitBank for aiding IRGC with Bitcoin transfers.

Market News
17 Sep 2026
Blockonomi
View Source
Bearish
US Treasury sanctions Iranian crypto exchange BitBank for aiding IRGC with Bitcoin transfers.

The US Treasury sanctioned Iranian digital asset exchange BitBank and its developer for facilitating hundreds of millions of dollars in Bitcoin transfers to the Islamic Revolutionary Guard Corps (IRGC). The sanctions, issued under Executive Order 13902, also targeted three associates linked to financier Babak Zanjani, who controls BitBank. This move is part of a broader campaign to block cryptocurrency-based financing of the Iranian regime. The sanctions block US property interests of the designated parties and warn that non-US persons dealing with them may face penalties.

The U.S. Treasury's sanctions on BitBank and its associates provide context for cryptocurrency market activity. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 18, 2026 03:45 WIB: 46 out of 50 major cryptocurrencies rose today. Notable movers include SUSHI at Rp4.085 with an 11.18% increase and AAVE priced at Rp2.291.234 showing a 10.69% rise.

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