₿ **Iran may be turning the Strait of Hormuz into a bitcoin-based insurance market, local reports say**

State-linked Fars News reported that Iran’s economy ministry has been working on a plan to manage shipping through the Strait with payments in bitcoin.

🔗 https://www.coindesk.com/markets/2026/05/18/iran-may-be-turning-the-strait-of-hormuz-into-a-bitcoin-insurance-market-local-reports-say

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