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Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait

Posted on May 18, 2026
By Google News
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1 min read

Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait

Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs.