Iran is offering to sell advanced arms to foreign countries in exchange for cryptocurrency in an attempt to circumvent Western financial controls, the Financial Times reports, citing documents and payment terms.
Mindex, the Iranian Defense Ministry’s export center, is preparing to reach military deals to sell ballistic missiles, drones, and warships to countries in exchange for digital currencies.
Mindex’s website has a FAQ section that answers questions about potential buyers’ concerns about Western sanctions, asking, “Given the sanctions on Iran, what is the guarantee that the contract will be executed and the product will reach the destination country?”
“It should be noted that, given the general policies of the Islamic Republic of Iran regarding circumvention of sanctions, there is no problem in implementing the contract,” the response reads.
“Your purchased product will reach you as soon as possible.”
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