US Sanctions Iranian Firm Over Bitcoin Sanctions EvasionThe US Treasury has sanctioned two Iranian maritime firms linked to an alleged IRGC backed insurance network.The firms are reportedly Persian Gulf Marine Insurance and HormuzSafe Marine Services.Officials said HormuzSafe accepted Bitcoin $BTC and other digital assets to bypass Western sanctions. The Treasury alleges the network generated revenue for the IRGC through maritime insurance.Eight companies and eight vessels tied to Iran's shadow fleet were a ...