Iran pays first import order with crypto – media ...News

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Iran pays first import order with crypto – media
The move could help the country bypass US sanctions Iran has placed its first international import order using $10 million worth of cryptocurrency this week, the Tasnim news agency reported on Tuesday. It did not specify which crypto was used in the transaction. “By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries,” Iran’s Deputy Minister of Industry, Mine & Trade Alireza Peyman-Pak said on Twitter. The move could reportedly enable Tehran to circumvent US sanctions that have crippled the economy. Iran has been struggling through decade

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