Iran’s first ever import order by means of crypto payment mechanism was registered in the country this week, according to a deputy minister industry, mine and trade.
Writing on his official Twitter account, Alireza Peimanpak said that the order valued $10 million.
Peimanpak, also the head of the Trade Promotion Organization of Iran (TPO), said that cryptocurrencies will be widely used in Iran’s foreign trade as late September.
The Central Bank of Iran informed banks and credit institutions in April about regulations related to the crypto-rial, as a central bank digital currency (CBDC).
According to earlier statements, the crypto-rial is planned as a new type of the national currency, like banknotes and coins, though it would be completely digital.
Based on what is known so far about the CBI’s crypto initiative, the digital currency is not designed to compete with global cryptocurrencies. Unlike bitcoin and other cryptos, CBDCs are centralized, not anonymous and in accord with anti-money laundering requirements.