A Look Behind The Curtains Of Iran’s $7.8 Billion Crypto Economy
Posted On January 16, 2026
Iran’s crypto ecosystem hit $7.8 billion in 2025, split between state-controlled military networks and civilians fleeing a currency that’s lost 90% of its value since 2018, according to Chainalysis research.
IRGC Controls Half Of Iran’s Crypto Activity
The Islamic Revolutionary Guard Corps (IRGC) accounted for over 50% of Iran’s total crypto value received in Q4 2025, up from $2 billion in 2024 to $3 billion in 2025.
Chainalysis tracked addresses linked to IRGC operatives, sanctions-evading networks, and facilitators moving illicit oil and arms across the Middle East.
The firm said the real figure is likely higher since the data only includes wallets publicly identified by U.S. Treasury and Israeli authorities, excluding shell companies and unidentified intermediaries.
Civilians Withdrew Bitcoin During Protests And Internet …
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