US sanctions 2 Iranian firms over Bitcoin insurance in Strait of Hormuz transit
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🚨 US Treasury sanctioned Iranian firms using Bitcoin for mandatory Hormuz transit insurance.
🛳️ Vessels must buy IRGC-approved coverage, with HormuzSafe accepting digital assets to avoid sanctions.
💸 Blockchain experts found no evidence of large-scale crypto payments for passage tolls in $BTC.
📌 The move escalates US efforts to target Iran’s shadow oil trade and maritime revenue streams.
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