It’s a massive, state-sanctioned adoption play. Recent reports show that the IRGC and state-linked entities now control a huge chunk of the local crypto flow—over $3 billion in the last year alone—using it to bypass sanctions and keep the economy moving. They’ve even rolled out a formal regulatory framework that treats crypto as taxable property, signaling that they aren't just letting people trade in the dark anymore; they want their cut of the action to fund the state.