U.S. sanctions Iranian maritime firm over Bitcoin payments

The U.S. Treasury sanctioned two Iranian maritime insurance companies on July 29, alleging that they supported an Islamic Revolutionary Guard Corps-linked system for collecting revenue from vessels using the Strait of Hormuz. Summary Two Iranian maritime insurers were sanctioned after Treasury alleged HormuzSafe accepted Bitcoin to evade restrictions. Eight shipping companies and eight vessels were also targeted over alleged Iranian petroleum transport activities. OFAC published no Bitcoin addresses, transaction hashes or payment totals supporting its public designation announcement. The Office of Foreign Assets Control added HormuzSafe Marine Services Authority and Persian Gulf Marine Insurance Company to its Specially Designated Nationals list. Both were designated under Executive Order 13902 for operating in Iran’s financial sector. JUST IN: 🇺🇸🇮🇷 U.S. Treasury sanctions Iran Bitcoin and crypto insurance scheme.– OFAC designated two Islamic Revolutionary Guard Corps-backed firms.– “The regime profited under the guise of maritime services, including payments in digital assets to evade sanctions.” pic.twitter.com/GcS7oVv9b5— Whale Insider (@WhaleInsider) July 29, 2026 U.S. sanction...