Iran Launches Bitcoin-Settled Maritime Insurance Platform for Strait of Hormuz, Targeting $10 Billion Revenue (unchainedcrypto.com)

· 69d ago · Report · Spotlight this ·

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Iran launched Bitcoin-backed insurance 'Hormuz Safe' for Strait of Hormuz
Claims $10 billion revenue target
Aims to evade US sanctions and formalize state control

"Iran has launched 'Hormuz Safe,' a Bitcoin-backed insurance platform for vessels transiting the Strait of Hormuz. The initiative aims to generate $10 billion in revenue while formalizing state control over the critical waterway and circumventing US sanctions."

#Sanctions evasion #Cryptocurrency payment rail #Strait of Hormuz control

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Iran Launches Bitcoin-Settled Maritime Insurance Platform for Strait of Hormuz, Targeting $10 Billion Revenue (unchainedcrypto.com)

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