Iran's cryptocurrency sector experienced a significant downturn in the first seven months of 2025, with total crypto flows falling 11% compared to the previous year. Major geopolitical events, including a conflict with Israel, breakdowns in nuclear talks, and frequent power outages caused by cyber and kinetic attacks, have intensified market instability and reduced trust in domestic exchanges. Nobitex, Iran’s largest crypto platform, remains dominant but suffered a $90 million hack, exacerbating systemic risks. Additionally, Tether froze numerous wallets linked to Iranian actors, disrupting stablecoin use and forcing users toward alternatives like DAI on Polygon. Despite these challenges, crypto continues to serve as an inflation hedge and tool for evading sanctions, while underground networks facilitate KYC bypass strategies. The market remains fragile but shows resilience and adaptability under ongoing pressures.
Continue to read Iran’s Cryptocurrency Market Struggles Amid Geopolitical Conflicts and Cyber Attacks in 2025
Iran's cryptocurrency sector experienced a significant downturn in the first seven months of 2025, with total crypto flows falling 11% compared to the previous year. Major geopolitical events, including a conflict with Israel, breakdowns in nuclear talks, and frequent power outages caused by cyber and kinetic attacks, have intensified market instability and reduced trust in domestic exchanges. Nobitex, Iran’s largest crypto platform, remains dominant but suffered a $90 million hack, exacerbating systemic risks. Additionally, Tether froze numerous wallets linked to Iranian actors, disrupting stablecoin use and forcing users toward alternatives like DAI on Polygon. Despite these challenges, crypto continues to serve as an inflation hedge and tool for evading sanctions, while underground networks facilitate KYC bypass strategies. The market remains fragile but shows resilience and adaptability under ongoing pressures.
Continue to read Iran’s Cryptocurrency Market Struggles Amid Geopolitical Conflicts and Cyber Attacks in 2025
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