Iran Introduces Bitcoin-Powered Shipping Platform

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Iran has launched Hormuz Safe, a state-backed maritime insurance platform accepting cryptocurrency payments, including Bitcoin. Officials say the system is designed to reduce reliance on SWIFT and Western financial intermediaries while supporting vessels operating through the Persian Gulf and Strait of Hormuz. Iranian authorities reportedly estimate the initiative could generate more than $10 billion in revenue if adoption grows. Analysts warn the platform may still face significant sanctions pressure, regulatory scrutiny, and compliance hurdles as global governments tighten oversight of crypto-linked financial networks and cross-border trade.