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[Global Report] According to cryptocurrency media outlet ChainCatcher, Mindex, the export center under the Iranian Ministry of Defence, recently disclosed a significant policy shift in official documents. The agency announced that it is now prepared to negotiate military contracts that officially allow foreign governments to use cryptocurrency as a payment method.
Diversifying Payment Channels to Counter Sanctions In its documents, Mindex explicitly stated that to facilitate military export trade, the agency is ready to negotiate contract details with foreign buyers. Regarding settlement methods, a "cryptocurrency" option has been added alongside traditional Iranian Rials (IRR) and barter trade models. Analysts suggest this move is a strategic attempt by Iran to utilize decentralized financial tools to bypass international financial sanctions and secure payment channels.
Advanced Weaponry Exports As the core agency responsible for Iran's overseas defense sales, Mindex’s export list includes several strategically significant advanced weapons systems. Notable items include the Emad ballistic missile and the Shahed series of drones, which have been frequently cited in recent regional conflicts.
Commitment to Evading Sanctions for Delivery Addressing concerns regarding how sanctions might impact logistics and delivery, Mindex maintained a firm stance. The agency stated that, given Iran's long-established policies for circumventing sanctions, it possesses the capability to execute contracts and ensure that products are successfully transported to their destinations without obstruction.
Iran's official acceptance of cryptocurrency for arms orders is likely to trigger renewed international debate regarding the role of crypto assets in the movement of funds for sanctioned nations.
