Iran plans crypto strategy with BRICS to work around global sanctions
Iran is pushing forward with plans to adopt cryptocurrencies for international trade settlements as a way to circumvent U.S. and U.N. sanctions.
Summary
- Iran advances crypto-based trade plans after sanctions return, calling it essential.
- Officials frame digital currencies as a required workaround to restricted payment rails.
- Industry leaders warn Iran’s unclear crypto rules threaten adoption and infrastructure.
The strategy was shared at the deBlock Summit, Iran’s first government-backed international blockchain conference, where officials called digital currencies a necessity for the sanctions-hit economy.
The move comes after France, the U.K., and Germany…
