Iran Loosens Currency Rules, Letting Traders Repatriate Earnings Through Crypto
Iran eases currency controls to let traders bring earnings home in crypto: FT
Iran has eased currency controls to allow some traders to bring their overseas earnings back into the country using cryptocurrency, the Financial Times reported.
The move appears aimed at giving traders an alternative channel for repatriating funds amid restrictions on conventional currency transfers. Cryptocurrency can enable cross-border settlement without relying entirely on traditional banking networks.
The policy shift highlights the role digital assets can play in economies facing capital controls and limits on access to international financial infrastructure. It also reflects Iran’s broader engagement with crypto as both a payment tool and a means of managing foreign-exchange pressures.
However, the arrangement does not remove the wider legal and regulatory complexities surrounding cryptocurrency transactions. The FT report did not provide further details on which digital assets or trading activities would qualify under the eased controls.
