Latest News for: Iran crypto


Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

Bitcoin 14 Aug 2022
Top Banker Confirms Crypto Trading Still Illegal in Iran ... However, Iranian authorities are not willing to allow crypto payments inside Iran and earlier this year, Deputy Minister of Communications Reza Bagheri Asl dashed any hopes for that. Crypto trading and investing are not ...

Iran says all POS terminals connected to its integrated tax system

Press TV 11 Aug 2022
Central Bank of Iran (CBI) authorities said on Thursday that there was almost no POS terminal in Iran without an online connection to the country’s tax systems ... Iran registers first import order with crypto payment method. A top Iranian trade official says crypto will be used to pay for a first import order worth $10 million.

Iran Just Concluded First Official Forieng Trade Using Crypto; Should U.S. Worry?

CoinGape 10 Aug 2022
Iran’s foreign trade embargo is adversely affecting the Middle Eastern country’s economy ... Iran just recently turned to cryptocurrencies, executing its first official foreign trade transaction worth millions of dollars. Iran plans to use crypto in foreign trade henceforward ... US sanctions have fueled crypto adoption.

Iran Used Crypto To Pay For $10 Million Worth Of Imported Goods

Inside Bitcoins 10 Aug 2022
Iran has joined the growing list of countries who are embracing crypto after the Asian nation made its first import with crypto assets valued at $10 million ... Iran has stepped up its support for digital assets after enabling more international trade transactions to be settled in crypto.

Iran Places First Official Import Order With Cryptocurrency Worth $10 Million

Bitcoin 10 Aug 2022
Iran Uses Crypto to Place Import Order ... The Central Bank of Iran (CBI) announced in August last year that banks and licensed currency exchangers can use cryptocurrency mined by licensed crypto miners in Iran to pay for imports ... What do you think about Iran using crypto to place import orders? Let us know in the comments section below.

Iran pays US$10 mln import order with crypto for 1st time: report

Yahoo Daily News 10 Aug 2022
Crypto exchange Kraken reportedly under investigation for Iran sanctions breachFast facts ... Crypto analytics firm Elliptic said that 4.5% of ... The Iran central bank said in June that it would launch the pilot of its central bank digital currency (CBDC), the crypto rial, on Aug.
photo: Creative Commons / André François McKenzie
Cryptocurrency - Bitcoin.

Iran pays for $10M import order with crypto, aims to achieve “widespread” status by Q4

Financial Express 10 Aug 2022
According to a tweet from Alireza Peyman Pak, Iran’s Vice Minister of Industry, Mine, and Trade, the government has successfully fulfilled its first international trade order for $10 million in bitcoin, as reported by Cryptoslate ... There are 12 million cryptocurrency owners in Iran, according to Bitestan, a local crypto exchange.

Bitcoin, Ethereum, Tron, and Chainlink Daily Price Analyses – 9 August Roundup

Cryptopolitan 10 Aug 2022
The global crypto market has seen a continuation of fluctuations in an influx of capital ... Iran has made its first crypto-based import, raising concern over sanctions evasion. According to the available updates, Iran made its first official crypto import worth $10 million ... It will also help Iran in avoiding US dollar dominance in the market.

Iran pays first import order with crypto – media

Russia Today 10 Aug 2022
Iran has placed its first international import order using $10 million worth of cryptocurrency, the Tasnim news agency reported on Tuesday. It did not specify which crypto was used in the transaction ... Iran has been struggling through decades of economic restrictions, including an embargo on the country’s oil, banking and shipping sectors.

Iran Plans To Pay For Its Imports In Crypto

Coinnounce 10 Aug 2022
Iran completes payment for $10 million Import for the first time in Cryptocurrency, According to a Tweet from the country’s Deputy Minister of Industry, Mines and Trade, Alireza Peyman Pak ... A Reuters report revealed that Iran hosts 4.5% of all global crypto mining activity.

Another BitMEX executive pleads guilty to violating Bank Secrecy Act

Financial Express 10 Aug 2022
The government’s determination to prosecute all those engaged in the BitMEX case serves as a warning to the whole crypto industry ...Crypto Mom,” in 2020, is a message that is ... Iran pays for $10M import order with crypto, aims to achieve “widespread” status by Q4.

Iran makes $10M import with crypto, plans 'widespread' use by end of Sept

The Coin Telegraph 10 Aug 2022
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals ....

Iran Dabbles In Crypto For Cross-Border Trade, In Effort To Bypass Sanctions

Forbes 10 Aug 2022
Iran has announced its first use of crypto-currencies to settle a trade deal, but U.S. officials are trying to clamp down on Tehran’s use of digital currencies and their volatility is another ever-present risk for the country ... .

Iran successfully conducts $10 million import using cryptocurrency

Cryptopolitan 09 Aug 2022
Iran has been under several US economic sanctions since 1979 ... Iran set to fund foreign trades with crypto ... ‘By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries.Iran’s Ministry of Industry, Mine and Trade ... More oversight on crypto.

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