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Watch Nigeria > Blog > FinTech > Iran accepts cryptocurrency as fee for superior weapons
FinTech

Iran accepts cryptocurrency as fee for superior weapons

Last updated: January 2, 2026 12:15 pm
Terfa Ukende
3 hours ago
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Iran accepts cryptocurrency as fee for superior weapons
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Mindex, the export heart of Iran’s Ministry of Protection, is accepting cryptocurrency funds technique for superior weapons techniques as a way of bypassing worldwide sanctions that the nation faces.

Potential clients should purchase weapons resembling missiles, tanks and drones using crypto, amongst other accepted payment methods together with Iranian rials or bartering, based on the middle’s web site.

Mindex is liable for Iran’s abroad protection gross sales and claims to have shoppers in 35 nations.

No costs are displayed for the out there objects.

The supply is among the many first recognized situations of a rustic accepting cryptocurrency as a way of fee for navy tools, according to the Financial Times, which the information earlier.

The ability for utilizing cryptocurrency as a way of fee in transaction involving sanctioned nations, nonetheless, is already effectively established. In early 2025, blockchain analytics supplier Chainalysis reported that U.S.-sanctioned nations had received nearly $16 billion in digital assets the yr earlier than.

United Nations (UN) sanctions towards Iran saw a re-escalation in 2025, with the reimposition of those who had been lifted in 2015 associated to the nation’s nuclear program.





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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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