trying to circumvent US economic sanctions Iranian management, crypto currency for import announced that he would accept With Iran’s new crypto law, the way for cryptocurrencies has been opened. Thus, companies in the Iranian finance and banking sector will also be able to use cryptocurrencies officially.
Iran paves the way for cryptocurrencies with new law
In the latest statement made by Industry, Mining and Trade Minister Reza Fatemi Amin, the message was given that Iran will officially adopt cryptocurrencies. Stating that they will prefer cryptocurrencies in imports with the new law, the Minister said, dollar and euro “in the background” He stated that he would be kept.
It is currently unclear in which sectors the country will use cryptocurrencies. According to Minister Reza Fatemi, however, all issues related to crypto assets, including fuel and energy, are designed. Made with Turkey of economic partnerships status is still unknown.
Another country banned crypto money!
Afghanistan has declared cryptocurrency operations illegal. 16 crypto exchanges in the country were shut down and some people were arrested.
Cryptocurrencies are difficult to track as they are not transferred through traditional channels like banks. This seems to make Iran’s job easier when importing, because it will not be stuck with US restrictions.
Although the government has brought security to cryptocurrencies with the new law, this does not represent a first for the country. As part of the testing program earlier this month 10 million dollar importperformed using cryptocurrency.
Iran Trade Development Organization leader Alireza Peymanpak stated that they want to implement the law immediately. Peymanpak, “The use of cryptocurrencies and smart contracts in foreign trade with target countries we will use” said.
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