Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait
by misja111 on Monday May 18, 2026 @01:49PM
(#48182925)
It's not about traceability, it's about not having to use the dollar as currency.
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Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait
by srean on Monday May 18, 2026 @01:52PM
(#48182982)
That's significant messaging though -- we don't have anything to hide, down with the dollar.
I have read many comments that the regime wants to money launder the inflow. Bitcoin would be rather inconvenient for that.
Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait
by bdangubic on Monday May 18, 2026 @01:59PM
(#48183089)
What would be a reason to money launder the inflow?!?
Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait
by srean on Monday May 18, 2026 @02:01PM
(#48183125)
I have no clue.
Re:Iran starts Bitcoin-backed ship insurance for Hormuz strait
by Waterluvian on Monday May 18, 2026 @01:52PM
(#48182981)
I don’t know stuff but I feel I’ve learned that the Americans can make basic commerce unbelievably painful for whoever they choose through sanctions and disconnection from various financial systems.