Dossier
Ministry of Economy and Financial Affairs
Coverage of Ministry of Economy and Financial Affairs in the Nexus archive.
- Iran Launches Bitcoin-Backed Insurance Service for Strait of Hormuz Shipping, Eyes $10B In Revenue
Iran has launched a bitcoin-backed insurance service called Hormuz Safe for shipping companies and cargo owners in the Strait of Hormuz, targeting $10 billion in revenue. The platform is backed by Iran's Ministry of Economy and Financial Affairs. The service offers fast and verifiable digital insurance paid via bitcoin.