Iran to Solve Car Imports Problem with Cryptocurrencies
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Sept. 14, 2020

Iran is looking at digital assets as payment method for imported vehicle shipments. The initiative has been announced by Gholam Hossein Mozaffari, the Kish Free Zone Organization (KFZO) CEO, ArzDigital reports.

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It is expected that Mozaffari's initiative will be presented publicly by the Central Bank of Iran in the near future.

"We hope that next week our meeting will be coordinated with the head of the Central Bank, and we will follow up on this issue and submit requests from the private sector to set up a cryptocurrency exchange," Mozaffari added.

The KFZO CEO also proposed to use only those digital assets that were mined in the territories of free economic zones.

Mozaffari believes that with the regulator's approval, the vehicle import problem in Iran might finally be solved.

Iran to Develop New National Strategy for Crypto Mining

In July, Mostafa Rajabi Mashhadi, Deputy Managing Director of Tavanir, Iran's Power Generation, Transmission and Distribution Management Company, told the Islamic Republic News Agency (IRNA) that the country's power plants could be used as bitcoin mining centers "if they comply with the approved tariffs" and have all the necessary licenses.

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