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via Decrypt · By Decrypt Editorial

Iran Pushes $10B Bitcoin Insurance Plan for Strait of Hormuz: Report

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DE
Decrypt Editorial
(01:41 PM UTC)
1 min read
EW
Approved byEmily Watson

In brief

  • The IRGC has promoted Hormuz Safe, a platform that settles shipping insurance payments in Bitcoin, per state media reports.
  • Europol has flagged 14,200 IRGC-linked posts across social media and websites.
  • Sanctions, tracing and weak insurer support could limit use, Decrypt was told.

The Iranian Revolutionary Guard Corps has reportedly promoted Hormuz Safe, a Bitcoin-settled maritime…

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