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US Sanctions Iranian Firms Behind Bitcoin-Paid Strait of Hormuz Insurance
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FOMOGRAM Editorial Desk
Aug 3, 2026
EXECUTIVE SUMMARY
Treasury says the scheme forced ships to buy coverage against risks Iran itself created, and took payment in bitcoin to dodge Western sanctions.
Treasury says the scheme forced ships to buy coverage against risks Iran itself created, and took payment in bitcoin to dodge Western sanctions.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
U.S. sanctions on Iranian firms accepting Bitcoin for insurance highlight the risks associated with Bitcoin's use in sanctioned activities.
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