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US Treasury sanctioned Iranian shipping firms accepting Bitcoin for Hormuz passage

OFAC targeted two companies including Hormuz Safe, which explicitly advertised Bitcoin payments for vessel transit through the Strait of Hormuz—a rare on-chain enforcement action linking a major chokepoint shipping route to crypto sanctions.

RECORDED 2026-08-01 · 16:30 UTC
Reported by Decrypt
RECORD BTC-F211384A · WRITTEN ONCE
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