Iran loosens currency rules for exporters using crypto, FT reports

Iran is easing currency controls to give exporters more flexibility over overseas earnings, the Financial Times reported, according to CoinDesk. Under the reported changes, exporters can use funds held abroad to pay for imports directly rather than routing the money through Iran’s official foreign-exchange system. The move would allow traders to bring earnings home in cryptocurrency while bypassing the established currency channel. The report did not provide further details on the cryptocurrencies involved or the timing of the policy change. The development adds a new crypto-related dimension to Iran’s handling of export proceeds and import financing. Market participants should distinguish the reported policy adjustment from any broader change to Iran’s cryptocurrency regulations, as no such additional measures were specified in the available report.