The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls. The U.S. Treasury sanctioned two Iranian maritime insurance entities, Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, accusing them of running an extortion scheme that funneled funds to the Islamic Revolutionary Guard Corps. Treasury said the so-called insurance, which could be paid for i…
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