The Iranian government has reportedly registered its first import order using payment in the form of cryptocurrency with a value of $10 million.
The reason Iran decided to use the payment option was due to the lack of foreign currency due to the sanctions on its country. In addition, this is seen as a trigger to allow countries to trade through digital assets as well as trade with other countries is also one of its goals.
This is the first report published by Tasnim news agency, a well-known news agency based in the country.
Iran has also amended its asset legislation to allow cryptocurrency mining activities to be used as purchases.
A report cited by Alireza Peyman-Pak's tweet, an official of the Ministry of Industry, Mines and Trade said that by the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade including its trading partner countries.
Although the government has allowed crypto mining in the country since 2019, the Iranian state still tightly controls the sector.
For example, the strict regulations last year made the country rebel against local mining in relation to energy consumption.
