Iran Eases Currency Rules Amid Sanctions
Iran has relaxed its foreign-exchange rules to give companies more flexibility in bringing export income back into the country. The new arrangements permit digital assets, including Bitcoin (BTC) and Tether's USDt (USDT), to be used in international payments, according to a report from the Financial Times.
The changes come amid tighter US sanctions, which have made it increasingly difficult for Iranian businesses to access foreign currency. Under the new framework, companies can use domestic crypto exchanges to process transactions involving these digital assets.
The move is seen as a way to ease the strain on Iran's economy, which has been impacted by the sanctions. It remains to be seen how effective this measure will be in addressing the country's economic challenges.