Iran Embraces Cryptocurrencies Amid Sanctions Pressure
The Central Bank of Iran has relaxed its stance on currency restrictions, allowing businesses to use cryptocurrencies for trade, cross-border settlements, and repatriation of export earnings.
This change is in response to increased US sanctions pressure, which has made it difficult for companies to access imports. Previously, exporters were required to return a significant portion of their foreign currency earnings to the country at a lower official rate, rather than keeping funds abroad or bringing them back undeclared.
Cryptocurrencies such as Tether (USDT) and Bitcoin have become increasingly popular among Iranian businesses, with many using exchanges like Nobitex to facilitate transactions. According to TRM Labs, nearly $10 billion in cryptocurrency passed through Iran in 2025.