Iran Uses Crypto as Lifeline Amid Tightening Sanctions

The Central Bank of Iran has relaxed its rules on foreign currency to help local businesses trade with other countries despite US sanctions. This move allows buyers and sellers to pay for international deals using digital coins like Bitcoin and Tether through local exchanges.

A business executive close to the government said that 'receiving cryptocurrencies for exports is now totally established,' adding that central bank leaders no longer ask how traders send or receive money.

This change lets sellers use their export earnings directly to pay for incoming supply orders, rather than selling their cash on government sites at low official rates. This gives them a direct way to bring hidden overseas cash back into the local economy.