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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


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Iran to approve crypto payments for international settlements

January 15, 2022 By Crypto Reporter

The Central Bank of Iran (CBI) and the Ministry of Trade have reached an agreement, which allows businesses to use cryptocurrency to settle payments to international partners.

“We are finalizing a mechanism for operations of the system. This should provide new opportunities for importers and exporters to use crypto in their international deals,” said Alireza Peyman Pak, the head of the Trade Development Organization of Iran.

Iran officially recognized crypto mining as an industry in recent years, offering it cheap power and requiring miners to sell their mined bitcoins to the central bank.

More news:

  • Iran approves crypto payments for imports
    Iran approves crypto payments for imports
    September 5, 2022
  • SWIFT is experimenting with CBDCs for international payments
    SWIFT is experimenting with CBDCs for international payments
    June 2, 2022
  • Uber to consider accepting crypto as payments 
    Uber to consider accepting crypto as payments 
    February 20, 2022
  • Gucci ready to welcome crypto payments 
    Gucci ready to welcome crypto payments 
    May 10, 2022
  • PayPal now offers crypto checkout payments 
    PayPal now offers crypto checkout payments 
    April 1, 2021
  • Bakkt partners with Google to make crypto payments more accessible
    Bakkt partners with Google to make crypto payments more accessible
    October 11, 2021

Filed Under: General News, News

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