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Iran turns to crypto to get around sanctions

  • Posted on September 9, 2026
  • By Financial Times
  • 2 Views
  • 1 min read
In brief

Iran strategically leverages cryptocurrency markets as an economic countermeasure to international sanctions, implementing regulatory adjustments to facilitate capital inflow. By easing restrictions on foreign currency trading, Iranian policymakers aim to incentivize diaspora communities and international traders to channel funds back into the domestic economy. This approach represents a pragmatic adaptation to financial isolation, positioning digital assets as a viable alternative to traditional banking channels for cross-border transactions.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Iran turns to crypto to get around sanctions
Iran turns to crypto to get around sanctions

Authorities have quietly relaxed controls on foreign currency to encourage traders to repatriate much-needed funds
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Author
Financial Times

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