Tuesday, 02 January 2024 12:17 GMT

Iran Is Using Crypto To Buy Weapons To Work Around International Sanctions


(MENAFN- Investor Brand Network) Iran has taken steps to widen how it accepts payment for military exports, indicating it is prepared to take crypto in addition to its national currency and non-cash exchanges. The country's Ministry of Defense Export Center (Mindex) has set out terms aimed at foreign buyers seeking to purchase items ranging from ballistic missiles and naval vessels to other defense-related hardware.

As what is or isn't permitted in crypto transactions gets more clarity, industry players like Bullish (NYSE: BLSH) will be taking note and assessing how to structure their...

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