Iran used cryptocurrency for the first time this week and paid for an import order of $10 million (about 67.56 million yuan).
However, before the official use of cryptocurrencies to complete orders, in April last year, Iran announced a strict ban on currencies and related financial institutions digital currencies, which shows that Iran was explicitly prohibited from trading with cryptocurrencies at that time. But in fact, less than 10 days after the ban was enacted, Iran's attitude suddenly changed drastically, withdrawing the ban on the use of cryptocurrencies.
(Source: Subtu network)
Iran can have such a one hundred and eighty degree turn of change, but it can not be separated from the United States, of course, it is also linked to the SWIFT system. The SWIFT system is a global communications system that facilitates cross-border payments, mainly in using dollars, and the United States has used this to sanction other countries with impunity, but it just so happens that Iran has become the worst.
During the decade, Iran was removed from the SWIFT system in 2012 and then re-pulled in less than 3 years into the SWIFT system, but in 2018 it was directly kicked out of the SWIFT system. Countries kicked out of the SWIFT system cannot pay for imports and cannot accept export payments.
(Source: Subtu network)
Iran, which relies on oil exports to support the economy, under the "suppression" of the United States, oil exports plummeted by about one-third, resulting in inflation remaining high at more than 10% for two years, and Iran's economy has been seriously damaged. And for a long time afterwards, the United States still charged Iran with false "charges" and constantly imposed financial sanctions on Iran.
The United States is so suppressed, Iran is really miserable. In search of a way out of the economic recovery, iran's central bank will integrate its cryptocurrency platform with an integrated trading system in January. This means that Iran's central bank allows businesses to use cryptocurrencies for settlement payments with partner countries.
(Source: Subtu network)
After the first use of cryptocurrencies, Iranian executives are optimistic about the use of cryptocurrencies for trading, and the use of cryptocurrencies and smart contracts is expected to be widely used in trade with partner countries by the end of September.
Wen | Wei Yansong titled| huang zixin | Li Zeju