US Sanctions Firms Involved in Iran's Bitcoin Insurance Scheme
US Sanctions Firms Involved in Iran's Bitcoin Insurance Scheme
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The US Treasury has imposed sanctions on two Iranian maritime firms, alleging their involvement in a bitcoin-based insurance scheme linked to the Strait of Hormuz. This move highlights ongoing efforts by US authorities to curb illicit financial activities potentially utilizing cryptocurrencies.
The US Treasury sanctioned two Iranian maritime firms as it tries to curb Iran's Strait of Hormuz bitcoin insurance scheme.