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The Economic Times

Shreya Biswas

Why is Iran using Bitcoin (BTC) for the 'Hormuz Safe' shipping insurance system in the Strait of Hormuz amid US-Iran tensions?

Bitcoin Iran United States Insurance the Strait of Hormuz Strait of Hormuz Strait Business Insider Donald Trump

Bitcoin (BTC USD) shipping insurance Iran explained: Iran is reportedly turning to bitcoin as part of a new approach to maritime insurance for ships passing through the Strait of Hormuz, according to Fars News Agency, a government-affiliated outlet.

Iran Turns to Bitcoin (BTC USD) for Strait of Hormuz Shipping Insurance: What Is the “Hormuz Safe”

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