US sanctions Iran-based BitBank over $3 billion crypto payments via Hormuz

🚢 US sanctions Iran-based BitBank for handling over $3 billion in bitcoin payments linked to ships in the Strait of Hormuz.
💰 The US Treasury alleges BitBank processed transactions for the IRGC and other state-linked entities.
🌍 Iran's $7.8 billion crypto market relies increasingly on digital assets to bypass banking restrictions.
💡 Major activity in $BTC is driven by efforts to navigate global sanctions.

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