Iran Offers To Sell Advanced Weapons Systems For Crypto

Iran is offering to sell advanced weapons systems including ballistic missiles, drones and warships to foreign governments for cryptocurrency, in a bid to use digital assets to bypass western financial controls. From a report: Iran’s Ministry of Defence Export Center, known as Mindex, says it is prepared to negotiate military contracts that allow payment in digital currencies, as well as through barter arrangements and Iranian rials, according to promotional documents and payment terms analysed by the Financial Times.

The offer, introduced during the past year, appears to mark one of the first known instances in which a nation state has publicly indicated its willingness to accept cryptocurrency as payment for the export of strategic military hardware. Mindex, a state-run body responsible for Iran’s overseas defence sales, says it has client relationships with 35 countries and advertises a catalogue of weapons that includes Emad ballistic missiles, Shahed drones, Shahid Soleimani-class warships and short-range air defence systems.