Iran is building a Bitcoin and stablecoin-based maritime insurance platform in the Strait of Hormuz, with the IRGC charging crypto tolls for oil tanker passage.

Iran launched the Hormuz Safe platform offering digital maritime insurance with crypto payments for vessels transiting the Strait of Hormuz amid soaring premiums.

Iran has launched a Bitcoin-based insurance service designed to cover maritime cargo shipments transiting the Strait of Hormuz.