US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage

US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage
Crypto

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In brief
  • OFAC sanctioned two Iranian firms behind a scheme requiring vessels to buy IRGC-approved "insurance" to transit the Strait of Hormuz.
  • One of them, Hormuz Safe, accepts Bitco… [+3068 chars]

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