TLDR Tech / Fintech
Why Iran demands crypto for ships crossing the Strait of Hormuz
The article digs into the growing role of crypto as a neutral settlement layer for governments and everyday citizens amidst rising geopolitical tensions. The most recent example is Iran demanding crypto as toll fees for tankers crossing the Strait of Hormuz. It links it to the rise of the ruble-backed A7A5 stablecoin in Russia as well as the crypto-denominated aid donations raised by Ukraine and what this could mean for the global dollar system.
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