Svmuu News According to Kaitlin Martin, a senior intelligence analyst at Chainalysis, shipping companies using cryptocurrency to pay transit fees that may be destined for Iran could face significant sanctions risks.
Martin told Cointelegraph that under the current sanctions framework, any payments made to the Iranian regime, including those related to passage through key waterways, could be interpreted as "material support," putting companies at risk of violating U.S. and international restrictions.
"Doing so could pose serious sanctions violation risks, as the Iranian Revolutionary Guard Corps is sanctioned by multiple jurisdictions, and Iran is also under comprehensive U.S. sanctions," she said.
Previous reports suggested that Iran might seek to collect transit fees in the form of cryptocurrency. Although not officially confirmed, U.S. President Donald Trump has stated that he would not accept any attempts by Tehran to impose tolls on shipping passing through this vital waterway. (Cointelegraph)