Regulation
Aug 1, 2026Amara Collins
U.S. Sanctions Iran-Linked Bitcoin Insurance Scheme for Strait of Hormuz Shipping: CryptoDailyInk
The U.S. Treasury has sanctioned two Iranian entities, Persian Gulf Marine Insurance Company and HormuzSafe, for operating an alleged Bitcoin-based maritime insurance scheme in the Strait of Hormuz, accusing them of funneling funds to the IRGC and extorting commercial vessels.
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