LONDON, United Kingdom — Since the start of the Middle East conflict, Iran has witnessed massive cryptocurrency flows. Regime implicatedAccording to Chainalysis, several digital wallets used during this surge in cryptocurrency activity are directly linked to the Revolutionary Guards. The Financial Times earlier this year reported that Iran offered ballistic missiles, drones and other advanced weapons systems for sale using cryptocurrencies. 'Lifeline'The Revolutionary Guards and Iranian central bank favour "stablecoins" -- digital currencies generally pegged to the dollar in a bid to avoid volatility. This strategy was already widely evident during brutally suppressed protests in Iran ahead of the war, according to Chainalysis.

Source: Philippine Star March 27, 2026 07:42 UTC