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Iran has made its first official import order using cryptocurrency, in a move that could allow the Islamic Republic to circumvent US sanctions that have crippled the economy.
cryptocurrency, crypto asset, cross-border payments, central bank
Iran’s association of importers has stressed the need for a regulatory framework for crypto now that the Iranian government has recently used crypto to pay for imports.
regulation, cryptocurrency, blockchain, cross-border payments
The Central Bank of Iran has entered negotiations to join Russia’s Mir card payment system in order to improve regional trade and bypass US sanctions.
online payments, payment processing, payments , payment processor
Iran’s Ministry of Industry, Mine and Trade has approved the use of cryptocurrencies as payment methods for imports.
cryptocurrency, digital assets, central bank, cross-border payments
The Financial Times has obtained documents that showcase Iran’s efforts to evade sanctions by using accounts at two of the UK’s largest banks.
banks, financial sanctions, regulation, compliance