• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
Crypto

Iran Crypto Businesses Finally Get Permitted To Use Bitcoin Payments

anushsamal
by anushsamal
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Iran has now finally given a green signal to the use of cryptocurrency for imports into the nation while international trade sanctions are underway.

This approval has come from Iran’s Industry, Mines and Trade Ministry.

Trade Minister Reza Fatemi Amin gave confirmation that these regulations which are quite detailed have been approved and were in sync with the use of cryptocurrencies for trade and supplying fuel and electricity to Bitcoin and crypto miners in the country.

The regulatory change was mentioned in the automotive industry exhibition which was just a week later when Iran had placed its first-ever import order for vehicles which were nearly amounting to $10 million, paid through cryptocurrency as a method of payment.

It was previously mentioned by the Iranian trade ministry that cryptocurrencies and smart contracts would have gained popularity in foreign trade by the end of this year itself.

Trade Minister Fatemi Amin stated that this authorization happened as an agreement between the Ministry of Industry and the Central Bank.

This meant a multi-departmental consensus on Bitcoin as a means for international payments.

Iran Protecting Crypto Investors

Right after the import, Iran’s Import Association insisted on clear regulatory metrics which would ensure that the nation’s businesses and importers are not confused due to changes in the directives.

The new regulations are supposed to specify all the issues which are related to cryptocurrencies, it includes the process to grant licenses as well as the provision of fuel and mining operators in the country.

The nation had earlier banned the mining of bitcoin owing to environmental concerns as there remains a power grid issue.

The Iranian central bank also put a cease to the trading of crypto which was mined outside the country, all in the same month.

Now the local businesses shall be able to import vehicles into Iran along with other ranges of different import goods using digital assets and not having to use United States dollar or euro payments.

Related Reading: Over 9,000 Crypto Mining Farms Seized In Iran To Combat Electricity Crisis

Iran Trying To Become Adoptive Of Crypto

The International trade sanctions against Iran have been opposed mainly due to the nuclear program, which had isolated the country from the global banking system.

The need to adopt digital asset came in ever since Iran stayed away from the global banking system.

To address and bypass sanctions for imports Iran tried to adopt crypto given the decentralized nature of public blockchains like Bitcoin and Ethereum which are not controlled by the central authorities.

The Iranian Industry, Mine and Trade Ministry granted operating licenses to 30 crypto mining centers in Iran last year in the month of June.

Additionally, more than 2,500 permits were approved to establish new mining operations.

The government also cracked down on illegal mining operations and also imposed a three-month ban on mining to alleviate pressure on the national grid.

Related Reading: Iran Import Association Calls For Regulatory Clarity About Crypto In Foreign Trade

Crypto
Bitcoin was priced at $19,900 on the four hour chart | Source: BTCUSD on TradingView
Featured image from Top Tech News Network, charts from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
anushsamal

anushsamal

Follow

Full Profile

Related Posts

crypto, stablecoin

Bank Of England Governor Shares ‘Multi-Money’ Vision Ahead Of Stablecoin Plan Consultation

8 minutes ago
Monthly Forecast: Grok's Predictions About the Next 1000x Cryptos

Monthly Forecast: Grok’s Predictions About the Next 1000x Cryptos

11 minutes ago
Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

18 minutes ago
Strategy

S&P 500 Potential: Strategy Could See $16 Billion Inflows With Index Inclusion–Bloomberg

1 hour ago
Crypto

SEC’s Push For Crypto Clarity: New Rules On The Horizon To Address Industry Challenges

3 hours ago
WLFI

FOMO Ends In Pain: WLFI Whales Suffer Millions In Loses On Price Collapse

4 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • MemeCore七日暴漲 211%引爆熱度 Snorter Bot...

    1 hour ago
  • miner

    Is Bitcoin Investment Still Profitable? Use BTC Cloud...

    1 hour ago
  • miner

    ADA’s path to long-term success: Integrating with...

    13 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    16 hours ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.