Treasury says OFAC designated BitBank, an Iranian exchange it claims was used to launder funds and transfer hundreds of millions of dollars in Bitcoin to the Islamic Revolutionary Guards Corps (IRGC). The exchange is described as "a priority digital assets venture" controlled by previously sanctioned financier Babak Zanjani. Treasury also designated BitBank's developer and three Zanjani associates. The action falls under "Operation Economic Outcast," the broader campaign Treasury says is aimed at severing Iran's sanctions evasion channels. Secretary Bessent: "Today's designations of Iranian digital asset infrastructure make perfectly clear that efforts to finance the Iranian regime using cryptocurrencies are not beyond OFAC's reach. If you support the Iranian regime, the Department of the Treasury will sanction you."

Ranking Announcement 🎉 @bitbank_inc is ranked as the top Japanese 🇯🇵 exchange in @coingecko 's latest crypto asset exchange ranking (as of June 8 , 12:00 JST). We're currently ranked #25# globally 🌎 🎉. Check it out!

Japanese financial giant SBI Holdings agrees to acquire Bitbank, a top 10 Japanese crypto exchange by trading activity, for ~$289M, set to close in October (@jamiecrawleycd / CoinDesk) (Visit Techmeme dot com for the link and full context!)

9 reasons to sign up to @fomo @foomsfomo yesterday showed us the reason so here are 9 more upcoming fomo-related mints: > @FomiesNFT > @fomoater > @fomodisk > @fomocatsnft > @Bitbankersrh > @fomo_kitties > @FomoChumz > @TOOMSFOMO > @Hashbrokers_rh maybe some of them are larp but anyways the trend is obvious fomo -

🚨 Iran has been charging tankers $1–2M for “safe passage” through the Strait of Hormuz, with payments accepted in bitcoin and other digital assets. OFAC just sanctioned BitBank, the crypto exchange used to move some of those payments.

📰 CoinMarketCap | Top News 📰 24 stories on the front page right now. 🔹 Ethereum schedules Oct.6 Glamsterdam Sepolia test, warns of builder attacks 🔹 US Treasury sanctions Iran's BitBank over Hormuz Safe Bitcoin transfers to IRGC 🔹 UK FCA issues final crypto guidance on activities needing authorization under 2027 regime Which story are you most interested in? Read every story here 👇