Wire · operational-macro
Treasury Sanctions BitBank Over Iranian Crypto Sanctions-Evasion Network
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 19 September 2026 · Fusion42 review
The U.S. Treasury sanctioned Iranian crypto exchange BitBank and its developer for facilitating sanctions evasion linked to Babak Zanjani, alleging movement of hundreds of millions of dollars in Bitcoin to Iran's IRGC. This marks a significant step in treating crypto infrastructure like traditional financial institutions in sanctions enforcement.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 2 sources have reported it between 18 Sep 2026 and 19 Sep 2026.
◆ ◆ The Wire takeaway
You now face the reality that US sanctions treat crypto platforms like banks, meaning any crypto exchange linked to illicit networks can be barred globally, shutting off access to US-linked markets and partners.
◆ Coverage
2 sources · first reported 18 Sep 2026 · latest 19 Sep 2026
◆ Related on Wire
◆ Topics