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Iran Took Bitcoin to Let Tankers Cross Hormuz. The U.S. Just Sanctioned It.

calendar_today August 2, 2026 person coinpaprika domain coinpaprika

The U.S. Treasury sanctioned two Iranian firms on 29 July 2026 for running an extortion scheme that forced ships to buy mandatory insurance to cross the Strait of Hormuz. The operation accepted bitcoin and other digital assets to evade Western sanctions.

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