Iran is facing heavy U.S. sanctions, which limit its access to the global banking system. Because of this, many people and possibly government-linked entities in Iran are using cryptocurrency to move money internationally.
Due to economic pressure and the collapse of Iran’s currency, crypto usage has increased sharply — with total transactions estimated between $8 billion and $10 billion.
However, U.S. authorities are now investigating whether some crypto platforms may have helped Iran bypass sanctions, especially if state-linked organizations were involved.
The confusing part is that research estimates vary widely — some say only 5% of crypto activity is state-related, while others suggest it could be as high as 95%, meaning there is uncertainty about how much the government is involved.
In short:
➡ Sanctions + weak currency = more crypto usage in Iran
➡ U.S. is investigating possible sanctions evasion
➡The level of government involvement is unclear
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