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According to the Financial Times, Iran is considering accepting Bitcoin (BTC) as payment for transit through the Strait of Hormuz.
Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Products Association, said the tariff would be $1 per barrel and payments could be made with all cryptocurrencies, including Bitcoin.
Following the news, the price of Bitcoin rose slightly and is trading around $72,600.
This news will be updated as details become available.
*This is not investment advice.
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coindesk.com
thecryptobasic.com
coinfomania.com