Iran has reportedly launched “Hormuz Safe,” a bitcoin-settled maritime insurance platform aimed at cargo owners and shipping firms operating through the Strait of Hormuz and the Persian Gulf.

Iran is preparing to introduce a new mechanism to regulate shipping through the Strait of Hormuz, including designated routes and service fees, that will...

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