Iran’s Mindex Accepts Cryptocurrency for Military Equipment
- Mindex, part of Iran’s Ministry of Defense, now accepts cryptocurrency payments for advanced weapons systems.
- Customers can purchase missiles, tanks, and drones using crypto alongside Iranian rials or bartering.
- Mindex claims to serve clients in over 35 countries but does not display prices for its offerings.
- In early reports, U.S.-sanctioned countries received nearly $16 billion in digital assets the previous year.
- UN sanctions against Iran were re-escalated in response to its nuclear program developments.
This move marks one of the first instances where a nation openly accepts cryptocurrency for military transactions, highlighting the growing use of crypto as a means to circumvent international sanctions.
As Mindex begins accepting cryptocurrency payments, it underscores a significant shift in defense sales strategies amid ongoing sanctions, with U.S.-sanctioned entities receiving substantial digital asset inflows last year. (Source)
