- The statement by Hamid Hosseini, a representative of the Iranian Oil Exporters Union, regarding the collection of fees in Bitcoin contains inaccuracies.
- In particular, he said that Bitcoin- payments are untraceable and transactions take just seconds.
On Wednesday, a representative of Iran сообщил tanker operators must pay in Bitcoin (BTC) for passage through the Strait of Hormuz.
The use of BTC, as mentioned by Hamid Hosseini, a representative of the country’s oil exporters’ union, ensures that payments “will not be traced or confiscated due to sanctions.” Furthermore, according to Hosseini, the payment will take “a few seconds.”
His statements raise questions because Block Bitcoin is public and all transactions can be viewed. Furthermore, the US Treasury Department imposed sanctions against Iranian addresses Bitcoin-wallets back in 2018.
There’s also a misconception that Bitcoin payments will be completed in seconds, when in reality, it takes at least 10 minutes. It’s unlikely that Level 2 solutions will be used in Iran. Lightning Network to speed up payments.
One way or another, thanks to this news on April 8 Bitcoin up to $72,700, then the BTC price corrected to the $71,000 range. The main cryptocurrency’s daily low was $69,500.
The choice of a decentralized cryptocurrency like Bitcoin, whose blockchain transactions cannot be reversed or altered, seems logical.
Elliptic analysts have found that Iran’s central bank will accumulate dollar-denominated stablecoins in 2025. Tether (USDT) worth over $500 million. In June, the issuing company Tether froze $37 million worth of USDT in wallets linked to the central bank.
In March, the 2026 Tether froze another $6,7 million linked to the Islamic Revolutionary Guard Corps and Houthi networks.
Regardless, according to Chainalysis’ 2026 report, addresses linked to the Islamic Revolutionary Guard Corps accounted for over 50% of all funds entering Iran’s crypto ecosystem in Q4 2025.
Over the course of 2025, these addresses received digital currencies worth at least $3 billion.
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