Iran Plans to Accept Cryptocurrency for Weapon Transactions to Evade Sanctions
BlockBeats News, January 2nd, according to the Financial Times, Iran is considering accepting cryptocurrency for payment in advanced weapon exports such as ballistic missiles and warships to bypass Western sanctions. Iran's Ministry of Defense Export Center (Mindex) stated that they are willing to negotiate using various payment methods, including digital currency, barter, and the Iranian Rial.
This policy was first proposed as early as 2025 and is seen as one of the first publicly known cases of a country accepting cryptocurrency as a payment method for weapon exports.
As a state-owned arms trade organization, Mindex claims to have customer relations with 35 countries, with its official website showcasing products such as missiles, rockets, ammunition, and hovercraft.
Against the backdrop of the U.S., UK, and EU continuously strengthening sanctions on Iran's nuclear and missile programs, energy exports, and access to the international financial system, Iran is increasingly relying on cryptocurrency and barter trade. The U.S. Treasury Department revealed last year that two Iranian citizens assisted in processing over $100 million in Bitcoin and other cryptocurrencies between 2023 and 2025 for Iran's oil sales, which was considered part of its "shadow financial network."
On its official website, Mindex stated that due to Iran's overall policy of circumventing sanctions, "there are no issues with contract execution," and they promise to deliver the relevant products as soon as possible.
You may also like
The large models in the United States are moving towards closure in the name of security
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Why do cryptocurrency projects always like to change their names?
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
Former SpaceX engineer reconstructs the financial execution system using first principles
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The large models in the United States are moving towards closure in the name of security
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Why do cryptocurrency projects always like to change their names?
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Who is footing the bill for the $64 billion accounting frenzy?
Popular coins
Latest Crypto News
