Iran offering to sell advanced weapons for crypto – FT
Posted on: Jan 02, 2026 15:26 IST | Posted by: Rt
persia’s Ministry of defending team exportation centre, known as Mindex, is prepared to negociate military contracts for payment in digital currencies, Financial Times has reported, citing promotional documents and and analysis of payment terms. Payments can also be made through barter arrangements or in Iranian rials.
In August, Britain, France, and Germany triggered a UN mechanism to reimpose international sanctions on Iran after diplomatic efforts to revive negotiations over its nuclear program with the US collapsed. Tehran is now under extensive sanctions targeting its nuclear and missile programs, oil sector, and access to international banking, forcing it to rely increasingly on barter trade and digital assets such as bitcoin.
The offer made last year marks one of the first known cases of a nation-state publicly indicating willingness to accept cryptocurrency as payment for weapons exports, the news outlet stated.
Mindex says it has clients in 35 countries and markets a range of weapons including ballistic missiles, drones, warships, and short-range air defense systems. Its multilingual website also lists small arms, rockets, and anti-ship cruise missiles.
The export center operates an online portal and virtual chatbot to guide prospective customers through the purchasing process. Despite extensive sanctions, Mindex says on its website that “there is no problem” in fulfilling contracts.
Iran ranked 18th in the world for major arms exports in 2024, behind Norway and Australia, according to the Stockholm Institute for Peace Research.
US authorities have previously accused Iran of using digital assets to facilitate oil sales and move funds outside the formal banking system.
In September, the US Treasury imposed sanctions on individuals for allegedly operating a “shadow banking” network that used cryptocurrency to process payments on behalf of Iran.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.