Iran Reportedly Mulls Strait of Hormuz Toll Platform Paid in Bitcoin
Cointelegraph
Iran is reportedly considering an insurance-based transit fee for ships in the Strait of Hormuz, potentially accepting payments in Bitcoin.Summary
Reports suggest that Iran's Ministry of Economic Affairs is exploring an insurance-based framework to manage the Strait of Hormuz, a vital global shipping lane. The proposal allegedly involves collecting fees from transit vessels, with some reports indicating that payments could be accepted in Bitcoin via a platform called "Hormuz Safe." While the plan aims to generate significant revenue, its legitimacy remains unconfirmed, and officials have warned that the associated website could be a scam, as similar cryptocurrency-based extortion attempts have occurred previously in the region.
(Source：Cointelegraph)