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.
Source: CoinDesk
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DW NOTE
The U.S. just sanctioned an insurance racket that charged ships bitcoin to sail past Iranian patrol boats. That's not an insurance product — it's protection money with a blockchain receipt. The fact that vessels paid it tells you everything about who controls the Strait.