Iran Avoids Sanctions By Using Cryptocurrency

Iran is avoiding sanctions by using cryptocurrency. With international cash scarce, Iran is resorting to cryptocurrency to keep imports flowing.

Iran Daily stated earlier this week, referencing a report from The Islamic Republic News Agency (IRNA), that the country's cabinet has modified recent legislation on digital assets to permit the use of cryptocurrencies for import financing by the Central Bank of Iran (CBI).

Earlier, the CBI and the cabinet had collaboratively suggested the m...

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