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Iran use Bitcoin to ensure funds aren't traced or confiscated due to sanctions for tolls
Posted on 4/8/26 at 3:13 pm
Posted on 4/8/26 at 3:13 pm
Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said that crypto-denominated tolls will be charged for fully loaded vessels as the nation seeks to "monitor what goes in and out of the strait to ensure these two weeks aren’t used for transferring weapons."
“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,” he said.
Iran to use digital currency for payola (coindesk.com)
Under the proposed system, tankers must email cargo details to Iranian authorities, who will levy a toll of about $1 per barrel and instruct crews on how to settle the fee in digital assets such as bitcoin.
The proposed framework will require tankers to notify cargo details to Iranian authorities via email, and the toll will reportedly be calculated at $1 per barrel of oil. Authorities will then instruct on how to settle the fee in digital assets, with officials citing bitcoin as a potential payment method.
“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,” he said.
Iran to use digital currency for payola (coindesk.com)
Under the proposed system, tankers must email cargo details to Iranian authorities, who will levy a toll of about $1 per barrel and instruct crews on how to settle the fee in digital assets such as bitcoin.
The proposed framework will require tankers to notify cargo details to Iranian authorities via email, and the toll will reportedly be calculated at $1 per barrel of oil. Authorities will then instruct on how to settle the fee in digital assets, with officials citing bitcoin as a potential payment method.
3
Posted on 4/8/26 at 3:15 pm to captainFid
quote:
Bitcoin to ensure funds aren't traced
that's not how the very publicly available blockchain works, at all.Posted on 4/8/26 at 3:16 pm to MoarKilometers
quote:Ssssshh. Don't tell them.
that's not how the very publicly available blockchain works, at all.
Posted on 4/8/26 at 3:17 pm to captainFid
This is an extremely bad policy and precedent to be establishing. If Iran is allowed to start doing this then China will be doing this very same thing in the Strait of Taiwan very very soon.
Posted on 4/8/26 at 3:22 pm to captainFid
This will go very poorly for Iran.
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