This week, Iran will import millions of dollars worth of goods using cryptocurrencies.
An official from Iran’s Ministry of Industry, Mines and Trade shared the data, according to the report released by Iranian news agency Tansim. Alireza Peyman-Pak, President of Iran Trade Promotion Organization (TPO), tweeted:
This week, the first official import order registration worth $10 million was successfully completed using cryptocurrency.
Alireza Peyman-Pak added that he predicts that by the end of September, crypto payment will be the common method for trade with countries that are the focus of the use of cryptocurrencies and smart contracts.
Iran Softens Crypto Perspective
According to Finbold’s report last year, the Iranian government has softened its view of crypto, and accordingly approved the establishment of 30 crypto mining farms.
This confirmation comes more than a week after Iranian police confiscated more than 7,000 computers used for cryptocurrency mining from a facility in the capital, Tehran. This event came as a result of the country’s decision to ban Bitcoin mining in 2021 due to concerns surrounding its energy use. Energy concerns began to emerge, especially as Iran suffered from power cuts, for which the authorities blamed the miners.
In March 2021, the Iranian Presidential Center for Strategic Studies, in a detailed report, encouraged the country to adopt Bitcoin and other currency mining to bypass international sanctions.
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