Iran teams up with BRICS on crypto plans to sidestep global sanctions.

"The move comes after France, the U.K., and Germany triggered a ‘snapback mechanism’ in August 2025 that restored international sanctions on Tehran. Ehsan Mehdizadeh, who runs Wallex Iran, the nation’s [Iran] top crypto exchange, said during a panel that current rules lack clarity and transparency. “A country facing sanctions cannot afford to reject innovative financial infrastructure. Yet Iranian regulators still haven’t grasped how blockchain technology functions,” Mehdizadeh argued. He pointed to Iran’s SWIFT exclusion as justification for crypto adoption. “Digital assets offer a pathway around payment system restrictions,” he noted."

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