Iran Proposes Cryptocurrency Payments for Arms Deals in Bid to Evade Sanctions
Iran has unveiled a bold strategy to circumvent Western financial sanctions by accepting cryptocurrency payments for military exports. The Ministry of Defence Export Center (Mindex) confirmed it will negotiate contracts for ballistic missiles, drones, and warships using digital currencies, barter arrangements, or Iranian rials. This marks the first instance of a nation openly leveraging crypto for defense transactions.
The MOVE signals Iran's attempt to harness decentralized technology amid tightening sanctions. Mindex's published framework allows flexible payment terms but requires buyers to adhere to undisclosed usage rules during conflicts. Weapon listings are publicly available, though pricing remains opaque, with in-person negotiations required for serious inquiries.
