“Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.”, — write: www.coindesk.com
Prospective customers can buy weapons such as missiles, tanks and drones using crypto, among other accepted payment methods including Iranian rials or bartering, according to the center’s website.
Mindex is responsible for Iran’s overseas defense sales and claims to have clients in 35 countries.
No prices are displayed for the available items.
The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times, which reported the news earlier.
The facility for using cryptocurrency as a means of payment in transactions involving sanctioned countries, however, is already well established. In early 2025, blockchain analytics provider Chainalysis reported that US-sanctioned countries had received nearly $16 billion in digital assets the year before.
United Nations (UN) sanctions against Iran saw a re-escalation in 2025, with the reimposition of those that had been lifted in 2015 related to the country’s nuclear program.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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The legislation aims to boost economic development and foreign investment while treating virtual assets strictly as property.
- Turkmenistan legalized cryptocurrency mining and exchanges to boost economic development and attract foreign investment.
- The law, signed by President Serdar Berdimuhamedov, provides a legal framework for virtual assets, categorizing them as property.
- Cryptocurrency mining and exchanges must register with the central bank and adhere to anti-money-laundering rules.
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