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

At the time the platform’s website showed only a landing page, and CoinDesk could not verify whether it was operational or whether any cargo owners had used it. Fars claimed at the time the model could generate more than $10 billion without explaining how it arrived at that figure.

The policies were approved by the Persian Gulf Strait Authority, an IRGC-backed body Treasury designated in May….

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https://www.coindesk.com/policy/2026/07/31/u-s-sanctions-iran-linked-bitcoin-insurance-scheme-for-strait-of-hormuz-ships
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