The United States sanctioned an Iranian cryptocurrency trader who funded Revolutionary Guard operations.

The United States Department of State and Treasury announced sanctions against BitBank, an Iranian cryptocurrency exchange controlled by financier Babak Zanjani. According to the announcement made this Thursday, the exchange is accused of processing payments received by vessels to fund the operations of the Iranian Revolutionary Guard.

The action targets the financial networks used to support military operations through digital assets. Babak Zanjani, identified as the controller of the sanctioned exchange, plays a central role in the mechanism used to channel funds for the Revolutionary Guard's activities.