Iran amend law allows import to be paid using crypto currency.

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Crypto usage value continues to gain users attention as international countries thrive toward use of crypto currencies. Iran allow the use of crypto currency for import flow to continue.

An article from Islamic Republic News Agency (IRNA) iran daily shows the country has regulated the use of crypto currency for import funding by the Central Bank of Iran (CBI).

The new regulation was jointly proposed by CBI and financial sectors in the country.

These proposed regulation shows that mined crypto currency which are legally mined in the country can be used for funding import and can be used for exchange with other nations.

There will be limit to miners supply of the mined crypto which will be foresee by CBI these will be base on subsequent energy used by the miner with adequate instructions from energy minister, according to IRNA report.

The use of crypto currency has been increasing in Iran as mining was legalize last year the new regulation signed by the country will boost the country activities economic wise.

https://www.coindesk.com/iran-amends-law-to-allow-imports-to-be-funded-with-cryptocurrency