{"id":658627,"date":"2026-09-18T01:53:58","date_gmt":"2026-09-18T01:53:58","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/18\/us-sanctions-irans-bitbank-saying-it-processes-hormuz-safe-bitcoin-payments\/"},"modified":"2026-09-18T01:53:58","modified_gmt":"2026-09-18T01:53:58","slug":"us-sanctions-irans-bitbank-saying-it-processes-hormuz-safe-bitcoin-payments","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/18\/us-sanctions-irans-bitbank-saying-it-processes-hormuz-safe-bitcoin-payments\/","title":{"rendered":"US sanctions Iran\u2019s BitBank, saying it processes \u2018Hormuz Safe\u2019 Bitcoin payments"},"content":{"rendered":"

\"US<\/p>\n

US Treasury says the Iranian exchange processed payments received through Iran\u2019s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.<\/p>\n

US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz.<\/p>\n

The US Department of the Treasury\u2019s Office of Foreign Assets Control said<\/a> that as of June, the Hormuz Safe Marine Services Authority used BitBank to transfer payments it received to the Islamic Revolutionary Guard Corps. The Treasury alleged it is part of the architecture used by Iranian financier Babak Zanjani to move hundreds of millions of dollars in Bitcoin to the IRGC.<\/p>\n

Treasury has previously alleged<\/span><\/a> Hormuz Safe is part of an IRGC-backed scheme forcing vessels to buy maritime insurance for passage, including coverage against seizures by Iran itself.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

US Treasury says the Iranian exchange processed payments received through Iran\u2019s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC. US authorities on Thursday announced sanctions against Iranian crypto exchange BitBank, accusing it of processing Bitcoin paid by ships transiting the Strait of Hormuz. The US […]<\/p>\n","protected":false},"author":1,"featured_media":658628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-658627","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/658627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=658627"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/658627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/658628"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=658627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=658627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=658627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}