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Cut off From Global Finance, Iran Turns to Bitcoin and Tether

According to reports, cryptocurrency use in Iran is not fringe but a working trade-settlement rail. Tehran is quietly moving funds across these digital rails using bitcoin (BTC) and tether (USDT) to undermine financial sanctions. Digital Assets Take on a Bigger Role in Iran’s Trade On Wednesday, the Financial Times (FT) reported that Iran’s central bank…

Iran Taps Bitcoin and Tether to Bring Export Money Back HomeAccording to reports, cryptocurrency use in Iran is not fringe but a working trade-settlement rail. Tehran is quietly moving funds across these digital rails using bitcoin (BTC) and tether (USDT) to undermine financial sanctions. Digital Assets Take on a Bigger Role in Iran’s Trade On Wednesday, the Financial Times (FT) reported that Iran’s central bank […]

Source: https://news.bitcoin.com/featured/cut-off-from-global-finance-iran-turns-to-bitcoin-and-tether/