US Imposes Sweeping Ban on Strait of Hormuz Transit Fee Payments to Iran

On April 29th, the US Treasury Department issued a formal ban prohibiting all US persons and entities from paying Strait of Hormuz transit fees to Iran. The directive warns that non-US entities engaging in such payments also face significant sanctions risks. Concurrently, 17 individuals and 18 entities were added to Iran-related sanctions lists.

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Visa Teams Up with WeFi to Bridge Blockchain Payments and Banking Services

On April 29, global payment leader Visa announced a partnership with blockchain stablecoin infrastructure firm WeFi. The collaboration aims to bridge the "last mile" for on-chain payments and banking services. WeFi, co-founded by former Tether co-founder Reeve Collins, positions its platform as a coordination layer between DeFi and regulated payment infrastructure, supporting cross-border spending and on-chain value storage.

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