Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements.
Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows
Iranian companies will be able pay for imports with cryptocurrencies, the country’s Trade Promotion Organization (TPO) has assured, according to local media.
Alireza Peymanpak, head of the government body, said that the Central Bank of Iran (CBI) has issued a permission for using cryptos in settlements for imported goods.
“The final decision will be taken by the Economy Ministry,” Peymanpak added, quoted by the official Economy and Bank of Iran News Network (Ibena) on Sunday.
Peymanpak’s statements come several months after he announced that Iran had placed its first official import order in cryptocurrency. In August 2022, the government official
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