HomeLatest NewsShort Crypto NewsIran Imports $10 Million Worth of Goods in Crypto

Iran Imports $10 Million Worth of Goods in Crypto

-

The Iranian Ministry of Industry, Mine, and Trade facilitated the nation’s first import of goods in cryptocurrencies. This is important because it shows that the country is turning to crypto to import goods from foreign countries without using traditional money. Iran has been under sanctions for decades and this new method of payment could help them get around those restrictions. This move could lead to other countries adopting similar policies and using crypto to circumvent sanctions.

This development shows that cryptocurrencies are becoming more legitimate. The fact that Iran is the first country to use cryptocurrency to import goods from foreign countries is a big deal.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Madhubani NFTs – A tribute to traditional Indian Art

Madhubani NFTs is a unique collection of Non-Fungible Tokens (NFTs) created by DigiSmiths agency which highlights the rich cultural heritage of Madhubani art in India....

Pullman Hotels Supports Indigenous Female Artists Through NFT Exhibition 

Pullman Hotels, Australia's top hotel chain, has finally decided to dip its toes in the booming NFT market. They will soon launch Digital E/SCAPES, a...

McCain Foods Debuts Metaverse For A Sustainable Mission 

McCain Foods, the largest seller of ready-to-eat snacks, entered the growing world of the metaverse with a noble objective. The firm has initiated a #saveoursoil...

Chinese Couple Partnered With SriLankan Con Looted 1400 Crore In Crypto Scam 

Crypto scams are gradually gripping the emerging world of crypto and NFTs. In a cryptocurrency scam, a Chinese couple and a Sri Lankan con man...

Stay Connected

1,021FansLike
273FollowersFollow
- Advertisement -

Most Popular

- Advertisement -
spot_img