Iran announces it can purchase war drones and missiles with Crypto

The Iranian government, which is facing international economic sanctions, has announced that it will accept Crypto (Cryptocurrency) payments when selling its military products to countries around the world, according to Financial Times (FT), in a remarkable news report today.

The news states that Iran’s Ministry of Defense, known as Mindex, has included advanced weapons in its product list and is offering to accept Crypto payments.

Among the items on that list are Emad type ballistic missiles, Shahed attack drones, Suleimani-class suicide boats, and advanced air defense systems.

Why is Iran choosing Crypto? It’s clear. FT (Financial Time) reports that this approach is used to bypass the banking system and international sanctions dominated by the US dollar (Dollar).

Mindex’s announcement also explicitly states that to evade sanctions, they will accept Crypto, barter trade, and Iranian rial currency in arms contracts and commodity exchanges (Barter).

This news is a double-edged sword for the Crypto world. On one hand, it proves that Crypto is truly useful in international trade, but on the other hand, it could lead to stricter government regulations (Regulations).

Now, is it really the era where Crypto can be used to buy everything from household items to advanced weapons?

Is this freedom for Crypto?
Or is it a threat to global security?
How might Iran’s move impact Bitcoin and the Crypto market?

Please share your thoughts in the comments.