Iran Eases FX Rules to Facilitate Crypto Trade
Tehran is loosening foreign exchange restrictions to allow businesses to use Bitcoin and USDT for international trade, a strategy driven by the rial's severe depreciation and the freezing of billions in traditional assets. While this move seeks to sustain economic activity amid U.S. sanctions, it simultaneously exposes Iran's digital sector to heightened enforcement risks from Washington.
According to GN geopolitics/trade (en-US), the new regulations specifically permit Iranian firms to settle cross-border transactions using Bitcoin and Tether (USDT), with on-chain data indicating that approximately $10 billion in crypto assets moved through the country last year. This shift aims to bypass blocked banking channels, though it risks drawing further scrutiny from U.S. authorities who have already sanctioned major local exchanges.
Source: GN geopolitics/trade (en-US)Tehran is adjusting foreign exchange regulations to allow cryptocurrency settlements, a move driven by severe currency depreciation and international banking isolation.
Source: GN geopolitics/trade (en-US)
