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Why Iran Wants Crypto for Strait of Hormuz Tolls | CoinDesk Daily
Published 5 days, 12 hours ago
Description
Iran wants bitcoin and stablecoins for Strait of Hormuz toll payments.
Iran is now accepting bitcoin and stablecoins from cargo ships transiting the Strait of Hormuz, charging $1 per barrel of oil. Experts say the move fits into the IRGC's existing crypto-based sanctions evasion network, which has facilitated billions in cross-border trade. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.