Iran to accept crypto for military weapon sales

Iran has begun accepting cryptocurrency for sales of advanced military hardware, including drones, missiles, and warships, in a move to bypass Western financial sanctions, the Financial Times (FT) reported. According to the report, the Defense Export Center (Mindex), an export agency under Iran's Ministry of Defense, announced its readiness to negotiate military contracts allowing for various payment methods, including digital currencies, barter, and the Iranian rial. The FT noted that this is one of the first public instances of a state declaring its willingness to accept cryptocurrency as payment for strategic military equipment exports.