Iran Eases Restrictions on Crypto Use in Cross-Border Trade
The Iranian central bank has made a significant move by allowing companies to use cryptocurrencies like USDT and Bitcoin for cross-border trade payments, according to a report in the Financial Times. This shift is seen as a response to economic pressure and sanctions imposed on Iran by the US.
Under new policies, export companies are encouraged to bring their foreign currency earnings back to the country using any means necessary, easing some restrictions on repatriation of export earnings. This move aims to reduce pressure on the existing financial system and provide alternative payment channels for international trade.
The use of cryptocurrencies like USDT and Bitcoin is becoming increasingly popular in Iran due to its limited access to global payment systems. According to data from TRM Labs, approximately $10 billion worth of crypto assets circulated through Iran in 2025. Chainalysis notes that Iran's exclusion from global payment systems has driven the adoption of cryptocurrencies as an alternative payment method.