The sanctioned country is reportedly turning to cryptocurrencies to keep trade flowing in the face of increased Western scrutiny
Iran’s Ministry of Defense Export Center, known as Mindex, is prepared to negotiate military contracts for payment in digital currencies, Financial Times has reported, citing promotional documents and and analysis of payment terms. Payments can also be made through barter arrangements or in Iranian rials.
In August, Britain, France, and Germany triggered a UN mechanism to reimpose international sanctions on Iran after diplomatic efforts to revive negotiations over its nuclear program with the US collapsed. Tehran is…
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