https://www.live-feeds.com/feed/btc-news-iran-s-strait-of-hormuz-toll-booth-has-been-settling-in-bitcoin-since-juneContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/btc-news-iran-s-strait-of-hormuz-toll-booth-has-been-settling-in-bitcoin-since-junehttps://www.live-feeds.com/feed/btc-news-iran-s-strait-of-hormuz-toll-booth-has-been-settling-in-bitcoin-since-june#u77764Sun, 20 Sep 2026 20:06:12 +0000The US Treasury has sanctioned the Iranian cryptocurrency exchange BitBank for facilitating bitcoin transfers to the Islamic Revolutionary Guard Corps (IRGC) and processing payments for the Strait of Hormuz toll booth. Separately, US prosecutors allege that Chinese groups laundered $61 million from Iranian oil deals using the Binance exchange. These actions target Iran's use of digital assets to bypass international sanctions and fund military operations while maintaining critical maritime revenue streams.Why it mattersIran has increasingly integrated cryptocurrency into its state finance