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Report: Iran makes $10M import order using cryptocurrency

by  Reuters and ILH Staff
Published on  08-09-2022 13:41
Last modified: 08-09-2022 13:41
Cryptocurrency crime reaches $14B in 2021akub Porzycki/NurPhoto via Getty Images

Representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on Sept. 28, 2021 | File photo: akub Porzycki/NurPhoto via Getty Images

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Iran has registered its first official order for importing $10 million worth of goods in cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday quoting an official from the Ministry of Industry, Mine and Trade.

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"This week, the first official import order registration worth 10 million dollars was successfully completed using cryptocurrency. By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries," Alireza Peymanpak said.

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