Iran Loosens Crypto Restrictions for Cross-Border Trade Amid US Sanctions
The Iranian Central Bank has taken a significant step by easing restrictions on the use of cryptocurrencies for cross-border trade payments. According to reports, companies are now allowed to use Tether's USDT stablecoin and Bitcoin as alternatives to traditional banking channels. This move is seen as a response to the economic pressure imposed by US sanctions.
The Tehran government has begun supporting alternative payment channels to mitigate the impact of sanctions and international financial restrictions. Companies are encouraged to repatriate their foreign currency earnings 'by any means,' which aims to reduce pressure on the existing financial system.
Data from TRM Labs shows that approximately $10 billion worth of crypto assets circulated through Iran in 2025, highlighting the country's increased reliance on cryptocurrencies due to its limited access to global payment systems. Chainalysis notes that this trend is not unique to Iran and is a common practice among countries facing similar economic constraints.