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.

  • Randomgal@lemmy.caEnglish
    5·
    11 hours ago

    Yeah and writer has no idea what they are talking about. One of the core characteristics of Bitcoin is being publicly traceable

    • Blackmist@feddit.ukEnglish
      9·
      10 hours ago

      I mean it doesn’t even matter that it is. It’s not a secret who the money is going to.

      The important part is that it can’t be reversed by a banking authority.