Iran starts Bitcoin-backed ship insurance for Hormuz strait

How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#6

Post by bigyabai » Mon, May 18, 2026, 5:42 PM UTC

anukin wrote: post #5

jauntywundrkind wrote: post #2

[flagged]

How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.

> How do you ban this?

In America? KYC would suffice.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#7

Post by anukin » Mon, May 18, 2026, 5:43 PM UTC

jauntywundrkind wrote: post #2

[flagged]

How do you ban bitcoin? It’s not hosted or supported by American financial rails or any entity like swift which can be influenced by the USA in any meaningful way.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#8

Post by srean » Mon, May 18, 2026, 5:44 PM UTC

Bitcoin does make the transaction publicly traceable. Either they have not realised that, seems unlikely, or they prefer it that way.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#9

Post by LPisGood » Mon, May 18, 2026, 5:44 PM UTC

anukin wrote: post #5

jauntywundrkind wrote: post #2

[flagged]

How do you ban this? It’s not part of swift or any us govt. backed global financial rails. If Iran(a sanctioned entity) supports this then this is more proof that the thing works.

I’m not gonna comment on if it’s a good idea or not, but the US government could make it illegal for any financial institution that does business in America interacting with crypto.

They could also make it illegal for any US financial institution to do business with any financial institution that interacts with crypto.

They could probably also make it a crime to buy/sell crypto in America.

Re: Iran starts Bitcoin-backed ship insurance for Hormuz strait

#10

Post by ck2 » Mon, May 18, 2026, 5:46 PM UTC

jauntywundrkind wrote: post #2

[flagged]

Kicked out?

If the Dems don't win the Senate, nothing will change until maybe February 2029 but pretty sure the same people that gave him this power of insanity are just going to vote for the next nightmare, there's no lesson learned, not even with $5 gas and $6 diesel

I don't even think a full blown recession would change anything

And now they are bringing the warships back to Cuba so get ready for next distraction from this distraction from the other distraction while they crime-spree away