Bitcoin Now Insures Strait of Hormuz ShippingIran has officially introduced the first-ever Bitcoin-backed insurance program for commercial vessels navigating the Strait of Hormuz.According to Bloomberg reports, the Iranian maritime authority is bypassing traditional Western insurance cartels by using $BTC as the primary collateral for shipping indemnity.This move aims to secure transit for oil tankers amid rising regional tensions, providing a decentralized guarantee for global shippers. ...