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Business And Markets
April 24, 2021 13:39
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Banks and Forex Shops Can Use Digital Assets to Pay for Imports

Banks and Forex Shops Can Use Digital Assets to Pay for Imports
Banks and Forex Shops Can Use Digital Assets to Pay for Imports
. . . . .

The Central Bank of Iran said henceforth banks and licensed
moneychangers can use cryptocurrency mined by authorized miners in
Iran to pay for imports. 
It said lenders and moneychangers have been notified about the
regulatory framework for crypto payment. No further details were
announced, the CBI website reported. 
Back in October 2020, the government ratified regulations for legal
cryptocurrency mining that allowed digital currency to be would be
used for imports. The measure proposed then by the CBI and Ministry
of Energy, required licensed cryptominers to sell the coins they mine
directly to the CBI. 

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