Iran Enforces Bitcoin as the Only Means to Pay Toll on Strait of Hormuz - Blockonomi
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- Iran’s Strait of Hormuz Management Plan, passed in late March 2026, mandates Bitcoin toll payments.
- Each fully laden tanker carrying 2 million barrels faces a Bitcoin toll of up to $2 million.
- Bitcoin surged toward $73,000 as shipping firms faced the prospect of stockpiling BTC for tolls.
- Stablecoins were rejected due to freeze functions and GENIUS framework compliance requirements.
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