Make CryptoSlate preferred on IRGC-affiliated Fars News reported on May 16 that Iran launched a platform called Hormuz Safe, offering digital insurance for vessels transiting the Strait of Hormuz with premiums settled in Bitcoin.A document cited by Fars's reporter indicated Iran's Economy Ministry had been developing the mechanism since early May, with projected revenue above $10 billion.The platform's website features a “Coming Soon” page, along with text describing fast, cryptographically verifiable insurance settled via Bitcoin. No official press release from the Economy Ministry, government gazette, or regulator has confirmed the launch.ClaimCurrent statusWhy it mattersFars reported Hormuz Safe launchReported by IRGC-affiliated...