Chainalysis: Using cryptocurrency to pay for the Hormuz toll may face sanctions

According to Cointelegraph, Kaitlin Martin, a senior intelligence analyst at Chainalysis, stated that shipping companies that may use cryptocurrency payments for transit fees to Iran could face serious sanction risks.

Under the current sanctions framework, any payments made to the Iranian regime, including those related to key waterways, could be interpreted as "material support," putting companies at risk of violating U.S. and international restrictions.

There have been previous reports that Iran may 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 important waterway.