WASHINGTON, Sept. 17 -- The U.S. Department of the Treasury issued the following news release:
Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) designated BitBank, a priority digital assets venture controlled by OFAC-designated Iranian financier Babak Zanjani (Zanjani), as part of Operation Economic Outcast, the Trump Administration's whole-of-government economic campaign against the Islamic Republic of Iran and its enablers. Today's designations also include BitBank's developer, Pishtaz Simorgh Electronic Trade Company (Pishtaz Simorgh), and three associates of Zanjani: Hossein Ali Zaker Hossein, Mohammad Mahdi Zaker Hossein, and Seyed Adel Heidari. The entities and individuals designated today are key compo...