[2] The cryptocurrency could allow Iranians to make international transactions amidst trade embargo.
[3][4][5] Iran's mining amount of bitcoin is close to $1 billion a year.
[7][8] In January 2025 the central bank began unblocking cryptomoney to fiat traders exchanges with their own government API for full access to user data.
[citation needed] The Reuters news agency published a report that the leading crypto exchange Binance had processed $7.8 billion worth of transactions from Iranian firms since 2018 despite US financial sanctions.
[10] Nobitex has responded to the Reuters claim that the exchange was used to skirt sanctions against Iran in relationship with Binance.