Join the larget crypto conference of 2022 in Bitcoin
$ 39,046

Iran will use cryptocurrencies in foreign trade widely: Report

iran cryptocurrency mining

Deputy Minister Alireza Peymanpak confirmed that Iran will further increase its use cases of cryptocurrencies & smart contracts in international trades. 

Iran is a crypto-friendly region for the crypto Industry. Crypto mining activities are popular options for the crypto-interested Iranian population to generate some extra income but due to high electricity consumption & heat waves, Iran keeps issuing orders to all the crypto mining firms to suspend mining activities for a particular interval of time. Around 4.5% of the Bitcoin mining hash rate contribution comes from Iran only. 

Just a couple of days ago, Reuters covered a report where it showed that Iran is showing significant inclination toward the crypto industry. 

Report noted that the Iranian Ministry of Industry, Mine, and Trade green signaled the first official order for importing $10 million worth goods in the country with the payment transactions utilized by digital currencies. 

Deputy Minister Alireza said:

“This week, the first official import order registration worth 10 million dollars was completed using cryptocurrency.”

Minister also confirmed that the country will allow more utilization of cryptocurrencies in the upcoming months, for the same global trade purposes.

These activities by the Iranian government agency confirmed that the country is highly interested in the crypto & blockchain industry.

Here we should not forget that Iran is under US sanctions because it supports the Iranian nuclear program and Iranian support for Hezbollah, Hamas, and Palestine Islamic Jihad. So probably these are reasons that Iran is looking to unlock its international trade via the use of a decentralized payment system.

Iran against illegal crypto Mining

In the past couple of years, Iranian government agencies took strict action against the crypto mining industry. Reportedly huge numbers of illegal & unlicensed crypto mining operations are going on in Iran.

To prohibit illegal crypto mining activities & also to slow down electricity consumption, the government of Iran announced a temporary ban on mining activities.  

Many Media reports claimed that the halt of mining operations ordered by the Iranian government was to catch the illegal miners. 

Read also: Now Central Banks can easily invest money in Bitcoin, says Barry Silbert

Iran will use cryptocurrencies in foreign trade widely: Report






Ads by Cryptonews24



🚀🚀Get ready for the biggest ICO of 2022.
✅ICO starts from August 16, 2022
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005
✅Round-2 price: $0.001
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008

👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.

🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀

👩🏻‍💻For more details pls read pdf in marketing tools section in dashboard.

#koinswap #kst #nft #metaverse #blockchain






In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

--------------------------Ads by Cryptonews24--------------------------------------
CocaCola Investing Platform

✅Brand new company platform launched 17/09/2022🔥💯


👉🏼Coca-Cola 👈

Don't miss Coca-Cola if you want to generate passive income.

It is a brand new company with stable and moderate income that will help investors earn money in the long run.

Say no!! on sites with high commissions, they only last a few days.

Coca-Cola is a legitimate company and supplies are standard.

$5 sign up bonus

-Minimum deposit $20
-Minimum withdrawal $10

Withdrawal time 0~10 minutes💯 ✅

Get 7% of your deposit everyday🔥
-Deposit 20, Get $1.5 Daily ✅
-Deposit 30, Get $2.1 Daily ✅
-Deposit 50, Get $3.5 Daily ✅
-Deposit 100, Get $7 Daily ✅
-Deposit 200, Get 14 Daily ✅

Get 10% of your first deposit and 10% on invite deposits 😱

Reward Invitations🏅
-30 valid members, get $100 reward ✅
-60 valid members, Get $150 reward ✅
-100 valid members, Get $350 reward ✅
Note: Valid member charges $30 and up

Deposit Reward🏅
Get 10%, 2% and 1% of Lv1, Lv2 and Lv3 group deposits.

A lot of activities will be organized in the main group to help hardworking members make a lot of money 💰

Registration link

This is a long term project!! Do not miss it!!! 💎 💎 💎 💎 💎


Cryptonews24 Channel Chat