The latest crypto bro on the block happens to be the country of Iran. Reports from the Tasnim news agency Tuesday said that, according to the country’s head of its Trade Promotion Organization Alireza Peyman-Pak, the country made its first official import order using crypto worth $10 million. Further, the official said they will be making widespread use of “cryptocurrencies and smart contracts” for foreign trade with “target countries” by the end of September.
It’s likely the largest publicized crypto transaction of this scale made by any one nation. It may also be the first transaction of many that would bypass U.S. sanctions on the country, and—as Reuters put it—trade with similarly sanctioned countries such as Russia. The U.S.’ sanctions on Iran include practically all imports.
‘Enforcement 40’ for 2020
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