BTC Surges Toward $73K as Iran Reportedly Demands Bitcoin for Hormuz Passage

A new report from the Financial Times says that the Iranian officials would require bitcoin and crypto payments for ships passing through the Strait of Hormuz. A spokesperson for Iran’s Oil, Gas, and Petrochemical Products Exporters’ Union, Hamid Hoisseini, noted that the toll must be paid in crypto after tankers submit details of their cargo. The payments are $1 per barrel, but empty vessels are exempt. …