Iran to Accept Bitcoin for Strait of Hormuz Transit as Ceasefire Takes Hold
By Micah Zimmerman
Iran plans to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz during a two-week ceasefire with the United States. This policy enables Iran to bypass sanctions limiting access to traditional financial systems. Bitcoin's price surged above $72,500 following the ceasefire announcement, reflecting improved risk sentiment.
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