Iran Introduces Cryptocurrency Insurance System for Hormuz Strait
Iran has suggested regulating the Strait of Hormuz via an insurance-based system that would formalize its control over this vital oil transit route, while also requiring all vesse…
Iran has suggested regulating the Strait of Hormuz via an insurance-based system that would formalize its control over this vital oil transit route, while also requiring all vessels to submit mandatory cargo declarations to a newly established Iranian maritime authority before passage.
Source: https://caspianpost.com/iran/iran-introduces-cryptocurrency-insurance-system-for-hormuz-strait