TEHRAN, Iran, August 31. Iran is considering the possibility of using cryptocurrency as payment option for car imports, said chairman of Iran Export Confederation Mohammad Lahouti, Trend reports citing Mehr News Agency.
"The source of cryptocurrency mining should be transparent and approved by the Central Bank of Iran (CBI) to accelerate foreign trade," he noted.
"Auto import is a sensitive issue for the Central Bank of Iran and the Ministry of Industry, Mine, and Trade, so using cryptocurrencies could be helpful," he indicated.
Lahouti pointed out that central banks of the world have not recognized cryptocurrencies to be used in trade, therefore auto import requires bilateral agreements between Iran and the source countries.