Iran Eases Currency Controls to Allow Crypto for Foreign Trade

The Central Bank of Iran has quietly relaxed currency restrictions, permitting the use of Bitcoin and Tether (USDT) for international trade settlements. According to the Financial Times, the regulator is encouraging exporters to repatriate foreign earnings through any available means to mitigate the impact of US sanctions and regional conflict. Exporters are no longer strictly required to sell foreign currency through state-controlled channels at official rates, which were often significantly lower than market values.