Iran Eases Currency Rules as Bitcoin, USDT Gain Role in Cross-Border Trade: Report ...Middle East

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Iran Eases Currency Rules as Bitcoin, USDT Gain Role in Cross-Border Trade: Report

Iran has reportedly changed its foreign-exchange framework to give companies more options for bringing export income back into the country, with the new arrangements permitting digital assets in international payments amid tighter US sanctions. According to a Wednesday report from the Financial Times, Iranian businesses can now use Bitcoin (BTC) and Tether’s USDt (USDT) to pay overseas counterparties, with transactions processed through domestic crypto exchanges.

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