The US Department of the Treasury has imposed sanctions on an Iranian-linked bitcoin insurance platform called Hormuz Safe. The platform was designed to provide coverage for ships navigating through the Strait of Hormuz, a strategically important waterway connecting the Persian Gulf to the Gulf of Oman.
Source
"US Sanctions Bitcoin Insurance Scheme Linked to Iran" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
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