Reports claim that Iran continues to use Bitcoin as a means to avoid sanctions, while the central bank of Iran turns a blind-eye.
You can also find out more about the following: Financial Times On Wednesday reported After the Iranian central bank urged its citizens to take any necessary measures to improve the economy, the Middle Eastern nation began using cryptocurrency, including Bitcoin, to settle transactions across borders through Iranian crypto-exchanges.
According to the newspaper, it was revealed that, based on conversations with insiders of the regime, businessmen and analysts as well as discussions between the two, the central bank has been a monopoly. “quietly encouraged traders” To help the struggling economy, it is important to increase money flow.
Bitcoin has proven to be an effective way of doing this.
According to a newspaper report, a business expert told them that central banks don’t question how the money is sent.
Iran has been sanctioned for decades, and a sharp escalation beginning in late 2025 — UN snapback, EU measures and expanded U.S. energy sanctions — was compounded by war with the U.S. and Israel starting in February 2026 and a naval blockade that has cut oil exports by more than 80%.
It also boasts one of the world’s highest inflation rates.
Iran started A bitcoin-backed service of insurance for the shipping companies in its counties was launched earlier this year.
According to the U.S., in July 2017, it said that crypto-currencies linked with the Iranian regime had been frozen.
Bitcoin, which is decentralized, and has no one issuer like Tether’s USDT, can’t be frozen.
In July, the U.S. Treasury Office of Foreign Assets Control said that Iran was evading sanctions by accepting payment in Bitcoin from ships traveling through the Strait of Hormuz.
OFAC reported at the time, that Hormuz Safe had been developed by Iran’s Ministry of Economy. “accepts payment in Bitcoin and other digital assets” It can therefore bypass any sanctions.
In February 2026, the U.S.A. and Israel attacked Iran. Since then, the fighting has been in various phases punctuated with a ceasefire mediated by Pakistan in April and an unconvincing memorandum of understanding in June.
There is no current ceasefire.
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Source: bitcoinmagazine.com
