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Iran relaxes controls as it turns to crypto for foreign trade

Iran relaxes controls as it turns to crypto for foreign trade

00:00 Speaker A

Iran eases currency controls to let traders bring earnings home in crypto from the Financial Times. Exporters can use overseas earnings to fund imports directly, bypassing the official foreign exchange system, the FT reported.

00:16 Speaker A

So they’re relaxing their currency controls to help exporters bring foreign earnings home, which is a huge story when we know that one of the main uses of crypto, whether we like it or not, is to give people ways to move money outside of the normal financial system and to evade sanctions, right?

00:41 Speaker A

I mean crypto is for everybody, that can include your enemies like Iran and North Korea, but we’ve seen stories gloating on the news very…

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