A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy.
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Iran Permits use of Legally Mined Crypto for Import Payment
Companies in Iran have now been permitted to pay for imports using digital currencies. The currency has to be mined in Iran by authorized miners.
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Iran’s central bank says officially mined crypto can be used to pay for imports
A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as
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Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports
The Central Bank of Iran has authorized banks and currency exchangers to use cryptocurrencies mined by licensed crypto miners in the country to pay for
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Chinese investors reboot Iranian Bitcoin mining facility
A Chinese–Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year.
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