Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait

Source: Bloomberg Politics · Bias: Center

Summary

Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs.

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Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait
Bloomberg Politics

Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait

Center

Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs.