Iran’s Sanctions-Busting Crypto Ambitions Grow on Toll Payments

Bloomberg Bloomberg —

As a fragile US-Iran ceasefire takes shape, Tehran has signaled that payments in digital currency should form part of any toll system for vessels passing through the Strait of Hormuz, the chokepoint through which around a fifth of the world’s oil normally flows.

The logic is clear: tokens cannot be easily confiscated under sanctions.

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Hormuz Standoff Amid Ceasefire