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US Government Sanctions Company Collecting Bitcoin Tolls in Strait of Hormuz

July 30, 202601:20 PM
US Government Sanctions Company Collecting Bitcoin Tolls in Strait of Hormuz

The US Treasury Department announced new sanctions against Iran on Tuesday, targeting the Hormuz Safe Marine Services Authority, a company that collected Bitcoin tolls from oil tankers seeking passage through the strategic Strait of Hormuz. This action marks a new front in the financial war against Iran, focusing on activities involving cryptocurrencies and maritime infrastructure. The sanctions also targeted Persian Gulf Marine Insurance, completing a coordinated attack on Iranian financial and transportation networks. The initiative demonstrates how regulators are adapting their strategies to handle the growing use of cryptocurrencies in international transactions, particularly in regions of geopolitical tension.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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