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U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships

Source: CoinDesk
U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships

The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls.

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CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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