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Strait of Hormuz Tensions Show Why Crypto Thrives in Times of Crisis

Iran's plan to charge oil tankers in cryptocurrency for passage through the Strait of Hormuz has heightened geopolitical tensions, showcasing how cryptocurrency is actually utilized during crises. This highlights the trend of crypto emerging as an alternative when global financial systems are restricted. Furthermore, this situation could lead to a weakening of the dollar's dominance in oil trade and a shift towards petroyuan.

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