Video thumbnail for Why Iran wants crypto for Strait of Hormuz tolls

Why Iran wants crypto for Strait of Hormuz tolls

Apr 9, 2026
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Iran is now accepting bitcoin and stablecoins from cargo ships transiting the Strait of Hormuz, charging $1 per barrel of oil. Experts say the move fits into the IRGC's existing crypto-based sanctions evasion network, which has facilitated billions in cross-border trade. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
#World News