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Morning Edition · Wednesday, September 9, 2026Published at 1:46 AM EDT · New York
Iran Loosens Currency Controls and Routes Trade Through Tether and Bitcoin, Financial Times Reports
The shift treats digital assets as working payment infrastructure under sanctions, weeks after Tether froze about $131 million in wallets the United States linked to Iran's central bank.
Iran has relaxed currency controls and is relying on cryptocurrency, including Tether's USDT and bitcoin, to keep trade and payments moving under United States sanctions and a naval blockade, according to a Financial Times report circulated…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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