Bitcoin (BTC USD) shipping insurance Iran explained: Amid escalating US-Iran tensions, Iran has introduced a Bitcoin-based shipping insurance system named 'Hormuz Safe' for vessels in the Strait of Hormuz, signaling a potential revenue generation of up to $10 billion despite skepticism over its feasibility.

Iran is preparing to introduce a new mechanism that would require ships to pay fees before passing through the strategic Strait of Hormuz, amid growing regional tensions involving…

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