The United States has imposed sanctions on cryptocurrency exchange BitBank for providing support to the Iranian government. The designation targets the platform's alleged role in facilitating transactions that benefit Iran, marking the latest enforcement action against digital asset firms linked to sanctioned regimes. The sanctions restrict BitBank's access to the U.S. financial system and prohibit American persons and entities from conducting business with the exchange. This action underscores continued regulatory scrutiny of crypto platforms suspected of enabling illicit finance or circumventing international sanctions.