ME News reports that on September 9 (UTC+8), Iran is gradually easing foreign exchange controls and tacitly permitting businesses to use Tether (USDT) and Bitcoin for cross-border transactions. According to informed sources, Iran’s central bank has encouraged enterprises over the past several months to repatriate overseas funds through local cryptocurrency exchanges and other means; businesses may also exchange foreign currency on open markets and directly use export revenues to pay for imports. A corporate executive close to the Iranian regime stated that the central bank currently does not inquire into the methods of fund transfers, and using cryptocurrencies to receive export payments has become standard practice. Data shows that approximately $10 billion in cryptocurrency flowed through Iran in 2025, with blockchain analytics firm Elliptic estimating that Iran accounts for about 4.5% of global Bitcoin mining activity. Over $100 billion in unreported overseas and domestic earnings remain undeclared within Iran, and more than 20,000 individuals and companies have failed to repatriate approximately €94 billion in export revenues. Tether previously froze approximately $344 million in wallet assets linked to Iran’s central bank, and the U.S. Department of the Treasury has warned that engaging in digital asset transactions with Iran may carry sanctions risk. (Source: ODAILY)
Iranian companies are permitted to use USDT and Bitcoin for cross-border transactions.
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Iranian companies can now use USDT and Bitcoin for cross-border transactions as the country relaxes foreign exchange controls. The Central Bank encourages the repatriation of overseas funds through domestic crypto exchanges, with export earnings directly used to finance imports. A government source stated that the bank no longer monitors fund transfer methods, and receiving payments in cryptocurrency has become routine. In 2025, approximately $100 billion in cryptocurrency flowed through Iran, accounting for 4.5% of global Bitcoin mining. Over €94 billion in unreported export revenues remain unrepatriated. Tether previously froze $344 million in wallets linked to the Iranian Central Bank, and the U.S. Treasury has warned of CFT risks associated with digital asset transactions involving Iran.
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