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Iran relaxes FX controls, uses crypto to bypass sanctions and repatriate funds
Financial Times World·IR · US·3 days ago
Iran's central bank is promoting cryptocurrency repatriation to maintain commercial flows and circumvent US sanctions, aiming to preserve economic and military capacity amid conflict with the US. This marks an escalation in Iran's use of digital assets as a sanctions-evasion tool, though the scale and effectiveness remain uncertain. The move signals a shift in Iran's financial strategy, potentially complicating US enforcement efforts.
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