Shea Levin — text status

Iran is easing cryptocurrency and foreign-exchange controls to keep trade moving during the U.S. war, blockade and sanctions, the Financial Times reports. Businesses are increasingly being allowed to use Tether and Bitcoin for cross-border payments, exchange foreign currency at market rates and use export earnings directly to finance imports. The move is also aimed at recovering more than €94 billion in export earnings that have not been repatriated.