New Regulations and Impact on Crypto Exchanges The Central Bank announced that it has relaxed oversight of crypto exchanges, enabling exporters to move overseas earnings into the country via digital assets.
Enabling Over $100 Billion in Undeclared Income Under the new rules, more than $100 billion in previously undeclared income can be transferred through cryptocurrency, a move aimed at circumventing sanctions‑related barriers.
Risks from U.S.
Sanctions Officials warned that crypto transactions remain subject to U.S.
sanctions.
Washington has recently broadened sanctions on Iran‑linked crypto wallets, and Tether froze $131 million in USDT held at addresses alleged to be connected to the Central Bank.
International Reactions and Freeze Examples The freeze of the USDT by Tether exemplifies the tangible risks of sanctions in the crypto market, highlighting the need for caution among Iranian exporters.
Historical Crypto Transactions In 2022, Iran completed a crypto‑backed import worth about $10 million, demonstrating the country's ongoing use of digital assets despite sanctions.
Conclusion While the new regulations ease the transfer of foreign earnings via cryptocurrency, the Central Bank stresses that international sanctions continue to pose significant risks.
Iran Central Bank Expands Crypto Transfers Amid Sanctions
The Iranian Central Bank has introduced new regulations allowing exporters to transfer more than $100 billion in undeclared income via cryptocurrency, easing sanctions‑related restrictions while acknowledging ongoing U.S. sanctions risks.
Sources
- Paratic Haber · baglanti