Iran to allow businesses use cryptos for Int’l settlements

News code : ۱۱۸۱۳۳۰

The Central Bank of Iran and the Ministry of Industries, Mining and Trade have reached agreement to link the CBI crypto platform to the Comprehensive Trade System, which allows businesses make use of cryptocurrency to settle payments to foreign partners, the head of the Trade Promotion Organization of Iran said.

"We are finalizing a mechanism for operations of the system.

This should provide new opportunities for importers and exporters to use cryptos in their international deals," IBENA quoted Peyman Pak as saying.

No further details were available.