Iran is gradually easing foreign exchange controls and has tacitly allowed businesses to use Tether (USDT) and Bitcoin for cross-border transactions, according to Odaily. People familiar with the matter said the Central Bank of Iran has, in recent months, encouraged companies to repatriate overseas funds through channels including local cryptocurrency exchanges. Businesses are also allowed to exchange foreign currency in the open market and use export proceeds directly to pay for imported goods. One executive close to the Iranian regime said the central bank is not currently scrutinizing how funds are transferred, and receiving export payments in cryptocurrency has become routine. Data cited in the report show that roughly $10 billion worth of cryptocurrency flowed through Iran in 2025. Blockchain analytics firm Elliptic estimated that Iran accounts for about 4.5% of global Bitcoin mining activity. The report also said more than $100 billion in undeclared overseas and domestic income remains in Iran, while over 20,000 individuals and companies have failed to repatriate around €94 billion in export earnings. Tether previously froze about $344 million in wallet assets linked to the Central Bank of Iran, and the U.S. Treasury has warned that digital asset transactions involving Iran may carry sanctions risk.
Iran is gradually easing foreign exchange controls and has tacitly permitted businesses to use Tether (USDT) and Bitcoin for cross-border trade, according to Odaily.
People familiar with the matter said the Central Bank of Iran has in recent months encouraged companies to bring overseas funds back into the country through channels including local cryptocurrency exchanges. Companies can also exchange foreign currency in the open market and use export proceeds directly to pay for imported goods.
One executive close to the Iranian regime said the central bank is not currently asking how funds are transferred, and that receiving export payments in cryptocurrency has become routine.
Data show that about $10 billion worth of cryptocurrency flowed through Iran in 2025. Blockchain analytics firm Elliptic estimated that Iran accounts for about 4.5% of global Bitcoin mining activity.
Iran still has more than $100 billion in undeclared overseas and domestic income, while more than 20,000 individuals and companies have not fulfilled obligations to repatriate about €94 billion in export earnings.
Tether previously froze about $344 million in wallet assets linked to the Central Bank of Iran. The U.S. Treasury has also warned that digital asset transactions involving Iran may face sanctions risk.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
