Iran Now Allows Banks, Exchanges to Use Crypto for Imports

Iran Now Allows Banks, Exchanges to Use Crypto for Imports

The Central Bank of Iran (CBI) has announced that it will now allow banks and exchanges to use crypto to pay for imports. To clarify, they can use only the crypto mined by licensed miners in the said country. Meanwhile, they will create a bill to give regulatory clarity about crypto activities.

The statement included:

In October 2020, the Iranian court grew its cry…

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