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Iran may be turning the Strait of Hormuz into a bitcoin-based insurance market, local reports say

CoinDesk · May 18, 2026, 6:47 AM · Also reported by 4 other sources

State-linked Fars News reported that Iran’s economy ministry has been working on a plan to manage shipping through the Strait with payments in bitcoin.

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Iran may be turning the Strait of Hormuz into a bitcoin-based insurance market, local reports say

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