coin-img-ETHETH-2.10%coin-img-BTCBTC-1.23%coin-img-SOLSOL-0.85%coin-img-DATAVLTDATAVLT-33.51%coin-img-NEUROVERIFYNEUROVERIFY+50.24%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.51%coin-img-ETHETH-2.10%coin-img-BTCBTC-1.23%coin-img-SOLSOL-0.85%coin-img-DATAVLTDATAVLT-33.51%coin-img-NEUROVERIFYNEUROVERIFY+50.24%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.51%coin-img-ETHETH-2.10%coin-img-BTCBTC-1.23%coin-img-SOLSOL-0.85%coin-img-DATAVLTDATAVLT-33.51%coin-img-NEUROVERIFYNEUROVERIFY+50.24%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.51%coin-img-ETHETH-2.10%coin-img-BTCBTC-1.23%coin-img-SOLSOL-0.85%coin-img-DATAVLTDATAVLT-33.51%coin-img-NEUROVERIFYNEUROVERIFY+50.24%coin-img-XRPXRP-1.46%coin-img-USDCUSDC+0.01%coin-img-DOGEDOGE-4.51%
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Azeez Mustapha

Iran's Hormuz Safe proposes Bitcoin-settled marine insurance; BTC at $76,921

On May 16, Iran's Ministry of Economy launched Hormuz Safe, a state-backed maritime insurance platform that settles premiums in Bitcoin for ships transiting the Persian Gulf and the Strait of Hormuz. The system is designed to bypass SWIFT and Western banking channels and is framed as a potential $10 billion annual revenue mechanism. Bitcoin was trading at $76,921, up 0.2% over 30 days, after falling from about $82K earlier in May.
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