Iran’s Parliament Speaker Backs Cryptocurrency as National Strategy, Pushes BRICS Framework to Reduce Dollar Reliance

Iran has long faced U.S. financial sanctions and restrictions on dollar-based settlement, prompting the government to incorporate blockchain and cryptocurrency into its digital economy strategy. Parliament Speaker Mohammad Bagher Ghalibaf has called for a shared cryptocurrency framework with other BRICS members to expand cross-border payment channels and reduce reliance on the dollar-based financial system.

Ghalibaf recently told the inaugural International Blockchain Summit that cryptocurrency was key to achieving Iran’s national digital economy goals and proposed a common BRICS mechanism. He also criticized U.S. President Donald Trump’s market comments as misleading. As of July 20, 2026, no investment amount, technical specifications or launch date had been announced for the proposed framework.