Iran makes $10M import with crypto, plans 'widespread' use by end of Sept

Cointelegraph

Published Aug 10, 2022 12:53AM ET

Updated Aug 10, 2022 02:40AM ET

Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior government trade official.

News that the Islamic republic placed its first import order using crypto was shared by Iran’s Deputy Minister of Industry, Mine & Trade Alireza Peyman-Pak in a Twitter (NYSE:TWTR) post on Aug. 9.

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