Sanctions

Iran Central Bank Promotes Cryptocurrency for Trade Amid US Sanctions

Iran's central bank has mandated the use of bitcoin and Tether for repatriating export proceeds to bypass international sanctions. This directive comes as the US intensifies its sanctions through Operation Economic Outcast, targeting Iran's digital asset channels. The long-term implication is a potential increase in Iran's reliance on cryptocurrencies, further isolating it from traditional financial systems and complicating international economic relations.