Iran Ink's first import order paid with crypto
Iran Ink's first import order paid with crypto
- Iran recently paid an import order with $ 10 million in cryptocurrency, reported local media
- The United States has been imposing strict sanctions against Iran for 40 years
Local news agency Tasnim reported on Tuesday that the Islamic Republic submitted its first crypto-based order worth $ 10 million, but did not state which digital asset was used for the transaction or what was imported.
alireza Peyman-Pak, head of the Trade Promotion Organization (TPO) of the country, seemed to confirm the arrangement in one Twitter and said it could be the first of many. The TPO, which is connected to the country's Ministry of Commerce, promotes Iran's non-oil exports.
"The use of cryptocurrencies and smart contracts in foreign trade with target countries will be widespread by the end of September," he wrote (automatically translated).
The USA have imposed paralysis sanctions over Iran in the past four decades. According to the law, companies in the United States are prohibited from doing business in or with Iran -including the care of crypto investors and dealers. The sanctions also prohibit imports.
But Iran may use cryptocurrency mining to avoid sanctions. A
. . The contribution Iran Inks first import order Paid with crypto is not a financial advice.
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