US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions

CryptoInfo Editorial Team · Published on July 30, 2026 at 05:23 · Updated on July 31, 2026 · 1 min read

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Key Takeaways

→The US Treasury sanctioned HormuzSafe, an Iranian maritime firm, for using Bitcoin to evade sanctions.
→HormuzSafe allegedly used digital assets to generate revenue for Iran's Islamic Revolutionary Guard Corps.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

The US Treasury has imposed sanctions on HormuzSafe, an Iranian maritime firm, according to reporting from CoinTelegraph. The sanctions are a result of the firm's alleged use of Bitcoin and other digital assets to evade restrictions and generate revenue for Iran's Islamic Revolutionary Guard Corps.

The US Treasury's decision to sanction HormuzSafe highlights the ongoing concerns surrounding the use of cryptocurrency in evading sanctions and supporting illicit activities.

Source: CoinTelegraph ↗

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