So far, little is known about him. It is unclear what exactly was ordered and what cryptocurrency was used. However, the source does give some reports. 10 million dollars.

Detail

After Iranian official Alireza Peiman-Pak briefed on the deal wrote on Twitter“By the end of September, the use of cryptocurrencies and smart contracts will become widespread in foreign trade with target countries.” It is not clear which countries we are talking about. This will likely include Russia, China, North Korea and other sanctioned states.

Reuters notes that the political implications of such an implementation could be significant: It could help avoid the nearly total US embargo on Iran.

already happened

• According to the source, this isn’t the first time Iran has made headlines for its operations with cryptocurrencies.
• A 2021 report by analytics firm Elliptic found that 4.5 percent of all global Bitcoin mining takes place in Iran due to cheap electricity.
• As a result, the local government accused the miners of being responsible for faults in the country’s electricity grid.
• Later, cryptocurrency mining was completely banned. However, it seems that the state is already on its side.

Later this month, Iran also plans to launch a crypto version of its national currency, the rial.