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James Halver

Iran's 2025 Crypto Activity Hit $7.78B as Rial Down 90% Since 2018

Amid sanctions, high inflation, and a weakening rial, Iranians turned to crypto for savings and transfers in 2025. According to Chainalysis, activity totaled an estimated $7.78 billion, and IRGC-linked wallets comprised more than half of value in Q4 2025, receiving over $3 billion versus around $2 billion in 2024. Usage spiked during late December 2025 protests and internet restrictions.