The US Treasury has sanctioned BitBank, an Iranian cryptocurrency exchange, for facilitating bitcoin transfers to the Islamic Revolutionary Guard Corps (IRGC). This move is part of the US government's ongoing efforts to curb Iran's use of cryptocurrencies to evade economic sanctions. The sanctions also target Iranian financier Babak Zanjani and his associates, aiming to disrupt the financial networks supporting the Iranian regime. The US warns that it will continue targeting entities involved in Iran's digital asset ecosystem to prevent sanction evasion.
The US Treasury's sanctions on Iranian Bitcoin exchange BitBank provide context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Sep 18, 2026 04:51 WIB: 46 of 50 major cryptocurrencies rose today. Notable movers include COTI at Rp442 with a 43.55% increase and UNI at Rp137.335 with a 20.40% rise.
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