OFAC sanctions BitBank over IRGC bitcoin transfers
- —OFAC sanctioned BitBank for transferring hundreds of millions of dollars in BTC to the IRGC
- —China's central bank reiterated that crypto is not legal tender
- —ECB proposes extending the stablecoin yield ban to crypto lending and staking
- —Coinbase launched fixed-rate bitcoin loans via Morpho Midnight, excluding New York
Why it matters: Sanctions on an Iranian exchange tighten pressure on crypto infrastructure, while the ECB's proposed rules could reshape DeFi yields.
Source: TokenPost