Chainalysis senior intelligence analyst Kaitlin Martin said shipping companies using cryptocurrency to pay transit fees for shipments potentially destined for Iran could face serious sanctions risks. Martin told Cointelegraph that under the current sanctions framework, any payments to the Iranian regime, including those related to passage through the key waterway, could be interpreted as “material support,” putting companies at risk of violating U.S. and international restrictions. “Doing so could carry serious sanctions risks because the Iranian Revolutionary Guard is sanctioned by multiple jurisdictions, and Iran is also subject to comprehensive U.S. sanctions,” she said. Previous reports indicated that Iran might seek to collect transit fees in cryptocurrency. While not officially confirmed, U.S. President Donald Trump has stated that he will not accept any attempt by Tehran to impose tolls on shipments passing through this vital waterway. (Cointelegraph)