Iran To Allow Legally Mined Bitcoin (BTC) To Be Used For Import Payments

The Central Bank of Iran (CBI) will allow banks, currency exchanges, and licensed miners to pay for imports using cryptocurrencies. 

According to a report from the Iranian site Financial Tribune, The CBI has issued a notification to banks and licensed exchanges about the new regulatory framework for crypto payments. The government will soon pass a bill to clarify the regulatory whether in the country. 

The tension between the U.S. and Iran exacerbated through the years, and the U.S. Treasury Department has somewhat crippled Iran’s economy, heavily depending on international trades like gas and electricity.

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