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Banks and Forex Shops Can Use Digital Assets to Pay for Imports

Banks and Forex Shops Can Use Digital Assets to Pay for Imports
Banks and Forex Shops Can Use Digital Assets to Pay for Imports

The Central Bank of Iran said henceforth banks and licensed moneychangers can use cryptocurrency mined by authorized miners in Iran to pay for imports. 
It said lenders and moneychangers have been notified about the regulatory framework for crypto payment. No further details were announced, the CBI website reported. 
Back in October 2020, the government ratified regulations for legal cryptocurrency mining that allowed digital currency to be would be used for imports. The measure proposed then by the CBI and Ministry of Energy, required licensed cryptominers to sell the coins they mine directly to the CBI. 

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