Iran has announced that ships transiting through the Strait of Hormuz must pay fees in cryptocurrency or Chinese yuan, marking a significant shift in regional trade practices. This move could impact global shipping routes and the use of digital currencies in international trade.
In the United States, the Department of Labor has proposed a rule to allow $10 trillion in 401k retirement plans to include cryptocurrency and alternative investments. This proposal aims to diversify investment options for retirement savers and reflects growing institutional interest in digital assets.
Meanwhile, Charles Schwab, managing $12 trillion in assets, plans to launch Bitcoin and Ethereum trading for its users soon, further integrating cryptocurrencies into mainstream financial services. Additionally, Coinbase has received conditional approval for a US national trust company charter, expanding its regulatory footprint.
Iran Demands Crypto Payments for Hormuz Transit; US Labor Dept Eyes Crypto in 401k Plans
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