According to the semi-official Tesnim agency, Iran has made its first import using cryptocurrencies.
Reuters According to the news, Iran’s semi-official news agency of Tasnim August 9 In the news published on , Iran this week cryptocurrency first picture using import carried out reported. Approximate amount of import 10 million dollars Information on which crypto currency is used when expressing not shared.
An official from Iran’s Ministry of Industry, Mines and Trade said on Twitter. September crypto all the way currencies and smart contracts in foreign trade use will increase reported. Because the United States of America over many sectors of Iran. trade embargo exists.
This $10 million trade has allowed Iran to bypass the dollar-dominated financial system to trade through digital assets and, like Russia, trade with US embargoes. isolated and restricted It can also lead other countries to trade. Experts countries, alternative payment systems sanctions, exclusion from payment systems end his deterrent they express. Experts, Russia’s role in the Russia-Ukraine war SWIFT despite being excluded from the system TARGET2 Russia is almost never exempt from SWIFT sanctions due to the lack of restrictions on their accounts. not to be affectedthat financial embargoes may be ineffective in cases where there is an alternative payment system. most recent example shows as.