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Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire (slashdot.org)
submitted 7 months ago by to c/technology@lemmy.world
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He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. "Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can't be traced or confiscated due to sanctions," Hosseini added.

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[–] 46 points 7 months ago (16 children)

Bitcoin finely found a use case that's not crime. Take that crypto haters.

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  • [–] 7 points 7 months ago (12 children)

    Technically it still is a crime since charging money for access to navigable waters is a violation of international law.

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  • [–] 3 points 7 months ago (6 children)

    What about Panama Canal, Suez canal, St Lawrence Seaway? Is it fine to charge money for those waters?

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  • [–] 3 points 7 months ago (5 children)

    They're not natural waterways, somebody had to make them so the law doesn't apply. Same for Great Lakes Waterway.

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  • [–] 3 points 7 months ago (4 children)

    Besides, international law only applies to you if you agree to it. Both US and Iran do not agree with this.

    US also has a law that say US can use military force against the ICC if any US citizen is arrested by the ICC.

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  • [+] 1 point 7 months ago (3 children)
    [deleted]
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  • [–] 1 point 7 months ago

    International laws have no meaning if nations don't agree to it.

    For example, the United States has laws and policies designed to prevent the arrest of U.S. personnel and its allies by the International Criminal Court (ICC). The 2002 American Service-Members' Protection Act (ASPA) authorizes the US President to use "all means necessary and appropriate" to release U.S. or allied personnel detained by the ICC, often termed the "Hague Invasion Act".

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  • [–] 3 points 7 months ago (3 children)

    Which law?

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  • [–] 8 points 7 months ago* (2 children)

    This would be the United Nations Convention on the Law of the Sea (UNCLOS). It's interesting that the US is among the nations that have never ratified the treaty.

    Also, Denmark has a long 500+ year history of charging ships to transit in and out of the Baltic Sea, so this really isn't a new concept (Sound Tolls).

    All foreign ships passing through the strait, whether en route to or from Denmark or not, had to stop in Helsingør and pay a toll to the Danish Crown. If a ship refused to stop, cannons in both Helsingør and Helsingborg could open fire and sink it.

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