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

Best in Crypto Launches the Most Valuable and Comprehensive Industry Directory

Chicago, Oct. 1, 2022 – Best in Crypto enables crypto enthusiasts, investors, and entrepreneurs to explore and learn about beneficial crypto products and services. This...

US Lawmakers Prepare To Include Bitcoin In 401k Retirement Plans 

US lawmakers currently agreed to introduce crypto assets in the 401k retirement plan. The decision brought applause from the crypto community. Few opine that the...

Shemaroo Entertainment Will Now Offer Metaverse Cinema Experience 

Shemaroo Entertainment took the film fraternity and movie lovers by the awe with their announcement to open a metaverse theater in Decentraland. The company had...

A+E Networks Plans To Release History Channel NFT Collection

Over 25 glorious years of entertaining and educating people about varied historical facts and cultural moments, A+E networks now venture into web3. In an announcement,...

Stay Connected

1,021FansLike
302FollowersFollow
- Advertisement -

Most Popular

- Advertisement -
spot_img