Iran’s central bank using vast quantities of cryptocurrency championed by Farage, says report

Regime appears to have turned to digital currency issued by Tether in the face of sanctions

Iran’s central bank appears to have been using vast quantities of a cryptocurrency championed by Nigel Farage, according to a new report.

Elliptic, a crypto analytics company, said it had traced at least $507m (£377m) of cryptocurrency issued by Tether – a company touted by the Reform UK leader – passing through accounts that appear to be controlled by Iran’s central bank.