News ID: 301950
Published: 0316 GMT April 07, 2021

CBI to authorize using Iranian cryptocurrencies for imports

CBI to authorize using Iranian cryptocurrencies for imports

The Central Bank of Iran (CBI) will soon issue a license to import goods with domestically formed cryptocurrencies through authorized banks and exchange offices.

According to a report by mashreghnews.ir, the Supreme Council on Anti-Money Laundering affiliated to the Iranian Ministry of Economy will approve the related regulations of Iranian cryptocurrencies by April 20.

The CBI and the Ministry of Economy are currently pursuing the adoption of regulations for the exchange of cryptocurrencies produced domestically, added the report.

National cryptocurrencies will be backed by gold and currency, and banks can use cryptocurrencies for their works in place of rials.

Experts believe that this cryptocurrency will also help reduce the increasing liquidity of the country.


 

   
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