Iran Launches Bitcoin Platform To Handle Hormuz Passage Insurance

2026-05-23 02:10:52

(MENAFN- Investor Brand Network) Iran has introduced a new maritime insurance system that allows shipping firms to pay premiums using crypto, marking another step in the country's broader push to reduce dependence on traditional financial networks while operating under international sanctions.

Major crypto exchanges like Coinbase Global Inc. (NASDAQ: COIN) will be monitoring how the Hormuz Safe plan plays out since it could in one way or the other have broader impacts as the funds raise...

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