Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire - Slashdot
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An anonymous reader quotes a report from the Financial Times: Iran will demand that shipping companies pay tolls in cryptocurrency for laden oil tankers passing through the Strait of Hormuz (source paywalled; alternative source), as it seeks to retain control over passage through the key waterway du...

He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.

  • humanspiral@lemmy.caEnglish
    23·
    18 hours ago

    Preferred crypto payment is USDT (Thether) stable coin. Which is the least US regulated, and most popular, US $ equivalent/backed stable coin. They are unlikely to refuse bitcoin, though.