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Iran turns to crypto for export payments amid sanctions: FT

Iran turns to crypto for export payments amid sanctions: FT

Iran’s central bank has reportedly eased foreign-exchange controls and tolerated cryptocurrency use for export payments as businesses seek alternatives to conventional banking channels restricted by U.S. sanctions.

Summary

  • Iran’s central bank reportedly tolerates cryptocurrency settlement as exporters seek alternatives to restricted banking channels.
  • USDT is reportedly the most commonly used cryptocurrency for Iranian cross-border commercial payments by businesses.
  • TRM Labs attributed approximately $9.9 billion in cryptocurrency volume to Iran during 2025 overall activity.
  • U.S. sanctions block Iranian digital asset exchanges and may expose foreign counterparties to…

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