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

CoinDesk· Shaurya Malwa· Jul 31, 2026 · 11:58 AM
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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