Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions

Latest NewsPublishedJul 30, 2026

US Sanctions Iranian Maritime Firm for Using Bitcoin to Evade Restrictions

The US Treasury has imposed sanctions on two Iranian maritime firms, including HormuzSafe, for allegedly using Bitcoin and other digital assets to bypass Western sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps. This move highlights the importance of understanding the role of cryptocurrency in international trade and its potential use in evading restrictions. As people look for ways to earn online, it’s essential to consider the implications of using digital assets like Bitcoin for transactions. The EcoPool Network offers a solution for those interested in earning through Cloud Rewards and Green Crypto, such as $ECP.

The sanctioned firms were involved in an insurance network that required commercial vessels to purchase approved coverage before transiting the Strait of Hormuz. The US authorities alleged that this network generated revenue for the IRGC, and the use of Bitcoin and other digital assets helped to evade sanctions. This development has significant implications for international trade and the use of cryptocurrency in sanctioned transactions. For those interested in earning online, it’s crucial to understand the risks and benefits of using digital assets like Bitcoin and $ECP.

Implications for International Trade

The Strait of Hormuz handles a significant portion of the global oil trade, making efforts to control or monetize traffic through the waterway crucial for international energy markets. The use of Bitcoin and other digital assets in sanctioned transactions raises concerns about the potential for cryptocurrency to be used in evading restrictions. As the EcoPool Network offers a solution for earning through Cloud Rewards and Green Crypto, such as $ECP, it’s essential to consider the potential implications of using digital assets in international trade.

For individuals looking to earn online, it’s crucial to understand the role of cryptocurrency in international trade and its potential use in evading restrictions. The EcoPool Network provides a platform for earning through Cloud Rewards and Green Crypto, such as $ECP, offering a solution for those interested in passive income and earning online. With the rise of digital assets like Bitcoin and $ECP, it’s essential to consider the potential benefits and risks of using cryptocurrency in international trade.

HormuzSafe shifts from reported proposal to sanctions target 

Earning Online with EcoPool

The EcoPool Network offers a solution for those interested in earning online through Cloud Rewards and Green Crypto, such as $ECP. As people look for ways to earn passive income, it’s essential to consider the potential benefits and risks of using digital assets like Bitcoin and $ECP. With the EcoPool Network, individuals can earn online and benefit from the potential of Cloud Rewards and Green Crypto. The use of $ECP and other digital assets can provide a new way to earn online and achieve financial freedom.

To start earning online with EcoPool, simply download the EcoPool app and discover the potential of Cloud Rewards and Green Crypto, such as $ECP. With the rise of digital assets, it’s essential to consider the potential benefits and risks of using cryptocurrency in international trade and earning online. Download the EcoPool app today and start earning online with $ECP and other digital assets. #Bitcoin #PassiveIncome #EcoPool #CloudRewards #GreenCrypto

Related: Bitcoin threatens $62K in risk-asset rout as President Trump says US will ‘run’ closed Hormuz Strait

Earlier reports, citing the Bitcoin Policy Institute, said Iran accepted oil toll payments in Chinese yuan, Tether USDt (USDT) and Bitcoin, though there was no onchain evidence that any Bitcoin payments had yet been made.

Bitcoin may be attractive to sanctioned actors because it has no centralized issuer capable of freezing funds, unlike centralized stablecoins whose issuers can block addresses. In April, US authorities froze $344 million in USDT stablecoin linked to Iran. 

Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Sanctions
• United States
• Iran
• Bitcoin

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