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r/CryptoCurrency
r/CryptoCurrency
23
Posted by
Platinum | QC: CC 1284 | BANANO 21
2 months ago

Iran makes first import order using cryptocurrency - report

20 comments
79% Upvoted
level 1
Op · 2 mo. ago
Platinum | QC: CC 1284 | BANANO 21

Last year, a study found that 4.5% of all bitcoin mining was taking place in Iran, partly as a result of the country's cheap electricity.

I’d imagine running mining rigs in the daytime heat of the desert would consume a hell of a lot of power in cooling alone. Though at night, it’s probably a lot more efficient.

6
level 2
· 2 mo. ago
Silver | QC: CC 64, ETH 27, DOGE 15 | ADA 29 | TraderSubs 22

Hmm... MoonMining. Bah dum psst.

0
level 2
· 2 mo. ago
Tin

Wow, this means Iran has a cheaper rates of electricity, mining would be a good option with a cooler room afterall.

Anyways, in my country, its almost 42 degree celcius and cant even imagine to mine a single crypto

1
level 1
· 2 mo. ago
Platinum | QC: CC 471 | BANANO 18

Another win for crypto. Regardless of what happens next

4
level 2
· 2 mo. ago
Tin

Crypto is meant for winning, so yeah, its almost another win for crypto and I just love it !

Crypto somehow makes the cc community proud with these kinda good updates and news

2
level 1
· 2 mo. ago
Platinum | QC: CC 36

Soon America will invade other countries for their crypto instead of oil

8
level 2
Op · 2 mo. ago
Platinum | QC: CC 1284 | BANANO 21

I predict a lot of developing countries are going to be plagued by “boating accidents” when they are invaded

1
level 2
· 2 mo. ago
Tin | 5 months old

Welcome to the cyber age - wars made by robots and hackers for virtual currency

1
level 2
· 2 mo. ago
Tin

People are actually using crypto in a very well processed way, therefore it is being used for transactions as well.

Its time we must start using crypto and use this as a payment process, but the main problem here is taxation of the countries

1
level 1
Op · 2 mo. ago
Platinum | QC: CC 1284 | BANANO 21

I do wonder how America and the rest of the west will react to Iran dodging sanctions by using crypto.

2
level 1
· 2 mo. ago
Approved CC Bot

tldr; Iran made its first official import order using cryptocurrency this week, Tasnim news agency reported. The order, worth $10 million, was a first step towards allowing the country to trade through digital assets that bypass the dollar-dominated global financial system. Iran is one of the largest economies yet to embrace cryptocurrency technology.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

2
level 1
· 2 mo. ago
Bronze

Which coins/tokens?

2
level 1
· 2 mo. ago
Platinum | QC: CC 416 | r/AMD 18

A big middle finger to uncle sam and his sanctions

3
level 2
· 2 mo. ago
Bronze | QC: CC 21 | Buttcoin 7

Hope this allows the islamic fundamentalist regieme to subjugate the Iranian people for decades more. Let's go authoritarian religious fundamentalism!

3
level 2
Op · 2 mo. ago
Platinum | QC: CC 1284 | BANANO 21

Curious to see what the response is

2
level 1
· 2 mo. ago
We Shall HODL

Something tell me that this will not end here. Uncle sam will respond but this is a good step for IRAN.

Hope we see more import orders using crypto in the future.

1
level 1
· 2 mo. ago
Platinum | QC: CC 69,420

Holders of cryptocurrency mining licenses in Iran can use mined cryptocurrencies for import

The head of the Central Bank of Iran said that cryptocurrency mining license holders can use mined cryptocurrencies for import.

10.08.2022 ~ 10.08.2022 1866060 Cryptocurrency mining license holders in Iran can use mined cryptocurrencies for import Ali Saleh Abadi, Governor of the Central Bank of Iran, in a conversation with reporters on the sidelines of the Government Council meeting, said about the use of crypto-currency in commercial transactions: Crypto-currency holders who perform legal mining can present their mined crypto-currency for import. .

According to Iranian media reports, Saleh Abadi clarified that: the issue of registering orders using cryptocurrencies was reached between the Central Bank and the Ministry of Security late last year, and holders of cryptocurrencies who perform legal mining can use their mining cryptocurrencies. Provide for import. The procedure for this work has been agreed between the Central Bank and the Ministry of Security and is now in the implementation phase.

Yesterday, Tuesday, Alireza Peyman Pak, the head of the Iran Trade Development Organization, published a message on Twitter announcing the registration of the "first official import order with cryptocurrency".

The head of Iran Trade Development Organization wrote about this: This week, the first official import order with cryptocurrency worth 10 million dollars was successfully registered. By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries.

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1
level 1
· 2 mo. ago
Tin

Seems like crypto is getting a worldwide interest which makes me jump into it more and more.

I just want crypto to be the next future of all the transactions as an another source of payments

1
level 1
Comment deleted by user · 2 mo. ago
level 2
· 2 mo. ago
Tin | Apple 21

What are you talking about? It’ll be worse than people getting murdered. Soon there will be an invasion on Reddit and our precious upvotes will be held hostage.

1