Iran accepts cryptocurrency as payment for advanced weapons

AI Summary4 min read

TL;DR

Iran's Ministry of Defense export center now accepts cryptocurrency payments for advanced weapons like missiles and drones, marking one of the first known instances of a country using crypto for military equipment purchases to bypass international sanctions.

Key Takeaways

  • Iran's defense export center accepts cryptocurrency for weapons purchases to circumvent international sanctions
  • This represents one of the first known cases of a country accepting crypto for military equipment
  • Customers can buy missiles, tanks, and drones using crypto alongside traditional payment methods
  • The facility for crypto payments in sanctioned countries is already well-established, with billions in digital assets flowing to such nations
  • Iran's defense export center claims clients in 35 countries but doesn't display weapon prices
Iran flag (Akbar Nemati/Unsplash, modified by CoinDesk)
The export center of Iran's Ministry of Defense is accepting cryptocurrency as a payment method for advanced weapons systems. (Akbar Nemati/Unsplash, modified by CoinDesk)

What to know:

  • Iran's Ministry of Defence Export Center is accepting cryptocurrency payments method for advanced weapons systems as a means of bypassing international sanctions that the country faces.
  • The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
  • The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.
  • Iran's Ministry of Defence Export Center is accepting cryptocurrency payments method for advanced weapons systems as a means of bypassing international sanctions that the country faces.
  • The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
  • The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.

Mindex, the export center of Iran's Ministry of Defense, is accepting cryptocurrency payments method for advanced weapons systems as a means of bypassing international sanctions that the country faces.

Prospective customers can buy weapons such as missiles, tanks and drones using crypto, amongst other accepted payment methods including Iranian rials or bartering, according to the center's website.

Mindex is responsible for Iran's overseas defense sales and claims to have clients in 35 countries.

No prices are displayed for the available items.

The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times, which the news earlier.

The facility for using cryptocurrency as a means of payment in transaction involving sanctioned countries, however, is already well established. In early 2025, blockchain analytics provider Chainalysis reported that U.S.-sanctioned countries had received nearly $16 billion in digital assets the year before.

United Nations (UN) sanctions against Iran saw a re-escalation in 2025, with the reimposition of those that had been lifted in 2015 related to the country's nuclear program.

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
  • Turkmenistan legalized cryptocurrency mining and exchanges to boost economic development and attract foreign investment.
  • The law, signed by President Serdar Berdimuhamedov, provides a legal framework for virtual assets, categorizing them as property.
  • Cryptocurrency mining and exchanges must register with the central bank and stick to anti money-laundering rules.

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.

Visit Website