Iran imports goods paid for in crypto for the first time

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This week, Iran imported a total of $10 million worth of goods paid for in cryptocurrencies.

On August 9, an official from Iran's Ministry of Industry, Mines and Trade, disclosed the above information to telecommunications company ton Tasnim.

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The head of the Iran Trade Promotion Organization (TPO) Alireza Peyman-Pak stated on Twitter:

“This week, the first official import application for $10 million was successfully completed using cryptocurrency.”

The official also predicts that by the end of September, the use of cryptocurrencies and smart contracts will be widely used in international trade.

Last year, The Iranian government has granted licenses to 30 cryptocurrency mining farms.

Interestingly, in March 3, the Iranian Presidential Center for Strategic Studies, in a detailed report encouraged the country to adopt mining Bitcoin and other cryptocurrencies to bypass international sanctions.


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