The Iranian Importers Association stressed that due to The Iranian government officially uses cryptocurrencies to pay for imports, so a stable cryptocurrency regulatory framework is needed. A government official stated: “By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries.”
Import Association: Iran Needs Stable Crypto Regulation
Alireza Managhebi, Chairman of Iran Importers Group and Representative of Foreign Companies (Imports On Saturday, the Association) expressed concern about the country’s regulation of cryptocurrencies, local media reported.
He stressed that a stable regulatory framework for cryptocurrencies should be established so that cryptocurrencies can be successfully used as a means of importing payment for goods. Managhebi noted that, with the right regulatory infrastructure, encryption could be useful in this regard, saying:
We The main and most important problem is that this new method cannot be exploited by some people.
“The main question is whether the Iranian government provides fixed rules for the use of cryptocurrencies that will not change in a few months , while businesses active in this digital space will not be hurt,” he elaborated.
Managhebi noted that the Iranian government recently announced the official use of cryptocurrencies to pay for imports. However, he clarified that the claim that this will immediately end the dollar’s dominance in Iran is not very accurate, as both the dollar and cryptocurrencies have their place in the Iranian market.
Association officials believe:
Educating and training people in Iran’s use of this new technology is absolutely necessary and has
earlier this month, the Iranian Ministry of Industry, Mines and Mines Deputy Minister Alireza Peymanpak, trade and president of the country’s Trade Promotion Organization (TPO), said that the first official import order has been successfully placed in cryptocurrencies. “By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries,” he added.
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As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.
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