Iran Eases Currency Controls Amid Sanctions, Embracing Crypto for Cross-Border Settlements

The Iranian government has relaxed some of its currency controls to facilitate international trade and circumvent US sanctions.

According to the Financial Times, exporters can now use their foreign revenues directly to finance imports and resort to Bitcoin or USDT for certain cross-border settlements.

Nearly 9.9 billion dollars of crypto activity had already been attributed to Iran in 2025, with four sanctioned exchanges accounting for 78% of this volume.