Since the Iranian government has officially accepted crypto as payment for imports, the organization of importers in Iran has emphasized the necessity of a stable regulation system for cryptocurrencies. A government official predicted the widespread use of smart contracts and cryptocurrencies in international commerce by September.
<h2>Iran Requires Stable Crypto Regulation</h2>
The head of Iran's Importers Association and Representatives of Foreign Companies (Imports Association), Alireza Managhebi, expressed his worries over the nation's crypto legislation for <a href="https://www.cryptoknowmics.com/news/horizon-in-2022/" target="_blank" rel="noopener">cryptocurrencies</a> to be effectively utilized as a form of payment for imports.

Managhebi noted that cryptocurrency could be helpful in this area with the proper legislative framework and said,
<blockquote><em>"Our main and most important concern is that this new method cannot be exploited by some people. The main question is whether the Iranian government has provided fixed rules for the use of cryptocurrencies that will not change for several months, and in the meantime, businesses active in this digital field will not be harmed."</em></blockquote>
The association representative stated,
<blockquote><em>"It is absolutely necessary to educate and train people to use this new technology in Iran as well as have stable regulations in this regard."</em></blockquote>
<h2>Widespread Use of Cryptocurrencies and Smart Contracts</h2>
The first official import order using cryptocurrencies was successfully placed, according to Alireza Peymanpak, vice minister of Iran's Ministry of Industry, Mine and Trade and head of the nation's Trade Promotion Organization (<a href="https://en.tpo.ir/" target="_blank" rel="nofollow noopener">TPO</a>). The usage of crypto and smart contracts would be pervasive in international trade with target nations by the end of September.

Iran Must Have Stable Crypto Regulation, Says Import Association

The head of Iran's organization of importers in Iran has emphasized the need of a stable crypto regulation system in the country.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Iran Must Have Stable Crypto Regulation, Says Import Association

Top Picks