Typos

Iran Turns to Cryptocurrencies for Arms Exports Amid Sanctions

Published January 1, 2026, 16:13
Iran Turns to Cryptocurrencies for Arms Exports Amid Sanctions

Iran is turning to accepting cryptocurrencies for arms exports as a means of circumventing Western economic sanctions. The Export Center of the Iranian Ministry of Defense, known as Mindex, states it is ready to negotiate the sale of advanced weapons systems, including ballistic missiles, drones, and warships, with payments in cryptocurrencies, swaps, or Iranian rials. This move represents one of the first known instances of a state publicly declaring its willingness to accept cryptocurrencies for the export of strategic military equipment. Mindex's website, available in multiple languages, advertises an extensive catalog of weapons, including some that have been used in the past by armed groups supported by Iran. The authenticity of the website has been verified, and it is hosted on an Iranian cloud service that is under US sanctions and has close ties to Iranian intelligence services. Mindex offers buyers terms regarding the use of weapons, which are negotiable, and assures that sanctions will not hinder the execution of contracts and the delivery of products. In summary, Iran's acceptance of cryptocurrencies for arms exports is an attempt to bypass economic sanctions and an indication of the growing importance of digital currencies in international transactions.