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24/04/26 16:03 UTC-04

Iran denied reports of charging cryptocurrency for passage through the Strait of Hormuz

  • Tehran stated that it does not plan to charge fees for passage through the Strait of Hormuz in bitcoin or stablecoins.
  • The controversy arose after Western media detailed Iran’s plans to charge about $1 per barrel for oil transit.

Media affiliated with the Iranian government deny claims that Tehran is already charging for passage through the Strait of Hormuz in bitcoin or stablecoins.

Reports that Iran is charging cryptocurrency fees for passage through the Strait of Hormuz are not true, state-affiliated outlet Fars News wrote.

This refutes weeks-long rumors that the Islamic Revolutionary Guard Corps (IRGC) had already begun accepting bitcoin or stablecoins from oil tanker owners during a fragile ceasefire mediated by the United States.

Earlier, it was reported that Iran planned to require shipping companies to pay transit fees in cryptocurrency from oil tankers passing through the narrow strait, at an estimated rate of about $1 per barrel of oil.

Scammers took advantage of this and began impersonating Iranian authorities to demand payment in bitcoin or Tether stablecoins in exchange for “permission” and safe passage. The Greek company MARISKS reported that some ship owners had received such messages.

See also: "Another ban from China: new restrictions on cryptocurrencies are coming! Here are the details…"

#Iran #crypto currencies

Editor: Alyona Nabok
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