Iran has purchased $10 million worth of goods using cryptocurrencies in order to evade US sanctions.
Not much is known about the order that was announced by Tasnim. One thing we don't know is what the large purchase order involved.
The import order might be the beginning. By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade.
Iran is planning to launch a new version of its Rial currency in the coming weeks.
There are a lot of political ramifications. The United States has a near complete embargo on Iran.
Iran'sCrypto endeavors have made headlines before. Iran has the lowest electricity costs in the world and 4.5 percent of all mining takes place in the country.
The country's government blamed the activity for crashing the electrical grid and banned the practice altogether.
Iran has been using Cryptocurrencies as a way to evade sanctions for a long time. An investigation by the news agency found that the company was aware that Iranians were using its service.
Iran has not declared anycryptocurrencies as legal tender, but given this purchase and the planned roll out of the Rial, that is not out of the question.
Iran is the first country in the world to place an import order worth at least $10 million.
The FBI is offering a huge reward for information that leads to the conviction of the "Cryptoqueen".
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