18 May 2026

Iranian media: Iran launches "Hormuz Safe", a Bitcoin-backed insurance service for shipping companies transiting the Strait of Hormuz; ~1,500 ships are trapped (Golnar Motevalli/Bloomberg)

Golnar Motevalli / Bloomberg:
Iranian media: Iran launches “Hormuz Safe”, a Bitcoin-backed insurance service for shipping companies transiting the Strait of Hormuz; ~1,500 ships are trapped  —  Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz …

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