Iran Allows Crypto Payments for Arms Sales Amid Continued Western Sanctions
TLDR
- Iran’s Mindex will accept crypto payments in arms deals with foreign buyers.
- Iran’s crypto offer includes sales of warships, missiles, and ammunition.
- The U.S. Treasury traced over $100 million in crypto linked to Iran’s oil sales.
- Iran maintains military trade ties with at least 35 countries through Mindex.
Iran’s Ministry of Defence Export Center (Mindex) has announced it is ready to accept cryptocurrency payments for military exports, including ballistic missiles and warships. The move is seen as a way for Iran to sidestep longstanding Western sanctions by using digital currencies, barter, or its national currency, the rial.
New Payment Channels Announced by Mindex
Iran’s Ministry of Defence Export…
