• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, June 9, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Iran implements rules allowing businesses to use crypto for import trade transactions

August 30, 2022
in Altcoins
Reading Time: 2 mins read
A A
Iran implements rules allowing businesses to use crypto for import trade transactions
ShareShareShareShareShare

The administration of Iran has passed a set of regulations on trade transactions with cryptocurrencies, according to Reza Fatemi Amin, minister of industry, mines, and trade.

Amin made the announcement at an automotive industry exhibition in Tehran on August 29, where he noted that the new law defines regulations on cryptocurrencies, including how to supply fuel and energy for cryptocurrency mining and how to grant licenses.

The minister said any imports of goods can be processed via cryptocurrency transactions instead of the dollar or euro under an agreement between the Ministry of Industry and the Central Bank of Iran.

The announcement comes after Iran’s Trade Development Organization (TPO) registered its first-ever official import order worth $10 million for importing cars using cryptocurrency on August 9.

In similar news, Iran has attracted an increasing number of cryptocurrency miners over the past few years.

According to a May 2021 Reuters report, around 4.5% of global bitcoin mining occurs in Iran due to cheap electricity, which allows the country to circumvent trade embargoes and lessen the impact of sanctions. In turn, opening the country up to the international financial system.

The new regulations could enable Iran to bypass U.S. sanctions imposed on the country since 1979.

The Department of State’s Office of Economic Sanctions Policy and Implementation currently oversees several U.S. sanctions that restrict various commercial trades between U.S. companies and Iran.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Credit: Source link

Related articles

How Much Percent Must SHIB Rise To Reach $1?

How Much Percent Must SHIB Rise To Reach $1?

June 9, 2023
Coinbase outlook downgraded from stable to negative – Moody’s

Coinbase outlook downgraded from stable to negative – Moody’s

June 9, 2023
ShareTweetSendPinShare
Previous Post

Ethereum Trading Volume At Its Most Sluggish, ETH Price Struggles Below $1,600

Next Post

Bain & Company: Young Gamers Gearing Up for the Metaverse

Related Posts

How Much Percent Must SHIB Rise To Reach $1?

How Much Percent Must SHIB Rise To Reach $1?

June 9, 2023

If Shiba Inu ever gets to $1, investors might submit their resignation letters as the token could print generational wealth....

Coinbase outlook downgraded from stable to negative – Moody’s

Coinbase outlook downgraded from stable to negative – Moody’s

June 9, 2023

Quick Take Credit rating agency Moody’s has downgraded the crypto exchange Coinbase from “stable” to “negative.” This decision comes after...

Exodus sees Q1 revenue drop to $13M but reports high customer loyalty

Exodus sees Q1 revenue drop to $13M but reports high customer loyalty

June 8, 2023

Crypto wallet company Exodus published its Q1 report on June 8, reporting over $13 million in revenue and its active...

BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors

BitGo to acquire 100% equity in Prime Trust parent following latter’s bankruptcy rumors

June 8, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

CZ denies holding firms received $12B of Binance.US user funds

CZ denies holding firms received $12B of Binance.US user funds

June 8, 2023

Binance CEO Changpeng Zhao on June 8 countered SEC claims and denied that one of his holding firms received $12...

Load More
Next Post
Bain & Company: Young Gamers Gearing Up for the Metaverse

Bain & Company: Young Gamers Gearing Up for the Metaverse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Liquid Federation expands, aims to strengthen Bitcoin financial infrastructure

Liquid Federation expands, aims to strengthen Bitcoin financial infrastructure

June 4, 2023
More NFT Holders On Blur Are Taking Loans, Not Trading

More NFT Holders On Blur Are Taking Loans, Not Trading

May 26, 2023
Why We Need Crypto Regulation – hackernoon.com

Why We Need Crypto Regulation – hackernoon.com

May 19, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Ankr launches Enterprise RPC and AppChain Solutions on Azure Marketplace
  • How Much Percent Must SHIB Rise To Reach $1?
  • Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,743.001.33%
  • ethereumEthereum(ETH)$1,855.760.69%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.38%
  • binancecoinBNB(BNB)$264.04-0.35%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.543.47%
  • staked-etherLido Staked Ether(STETH)$1,854.050.64%
  • cardanoCardano(ADA)$0.321263-1.79%
  • dogecoinDogecoin(DOGE)$0.0709694.24%
  • solanaSolana(SOL)$19.151.59%
  • matic-networkPolygon(MATIC)$0.780.58%
  • tronTRON(TRX)$0.0784090.89%
  • litecoinLitecoin(LTC)$89.972.40%
  • polkadotPolkadot(DOT)$5.071.06%
  • avalanche-2Avalanche(AVAX)$14.222.13%
  • binance-usdBinance USD(BUSD)$1.000.20%
  • shiba-inuShiba Inu(SHIB)$0.0000080.86%
  • daiDai(DAI)$1.000.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,765.001.40%
  • uniswapUniswap(UNI)$4.670.80%
  • leo-tokenLEO Token(LEO)$3.520.07%
  • chainlinkChainlink(LINK)$6.081.57%
  • cosmosCosmos Hub(ATOM)$9.47-1.07%
  • okbOKB(OKB)$45.241.93%
  • moneroMonero(XMR)$143.07-0.88%
  • ToncoinToncoin(TON)$1.702.63%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • ethereum-classicEthereum Classic(ETC)$17.171.34%
  • stellarStellar(XLM)$0.0878990.60%
  • bitcoin-cashBitcoin Cash(BCH)$111.950.17%
  • true-usdTrueUSD(TUSD)$1.000.09%
  • lido-daoLido DAO(LDO)$2.242.47%
  • internet-computerInternet Computer(ICP)$4.323.51%
  • filecoinFilecoin(FIL)$4.140.26%
  • quant-networkQuant(QNT)$109.69-1.43%
  • AptosAptos(APT)$7.770.71%
  • hedera-hashgraphHedera(HBAR)$0.0491601.91%
  • crypto-com-chainCronos(CRO)$0.058690-1.30%
  • ArbitrumArbitrum(ARB)$1.151.47%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.431.42%
  • vechainVeChain(VET)$0.017574-1.28%
  • apecoinApeCoin(APE)$2.910.22%
  • the-graphThe Graph(GRT)$0.113598-0.54%
  • paxos-standardPax Dollar(USDP)$1.000.01%
  • fraxFrax(FRAX)$1.000.15%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.901.83%
  • rocket-poolRocket Pool(RPL)$47.660.51%