From the reports of the local newspaper Tehran Times, Iran is in negotiating the use of Cryptocurrency in its financial transaction with Switzerland, England, Russia, Austria, Germany and Bosnia, South Africa, France .
According to report, All these 8 countries visited to Iran to discuss the issue and problem of international transactions.
They are doing it due to ongoing USA sanctions against the country, Iran trying to use crypto to overcome the international transactions problem due to USA sanctions .
Their ultimate goal is to increase the use of Iran's oil which is the main source of country's wealth .
Iran already launched their state-backed Cryptocurrency which is pegged to national fiat, Rial.
Iran is not only one which is trying to overcome the USA sanction problem by using cryptocurrency but Venezuela is also launched their oil-backed Cryptocurrency, Petro but unfortunately they are totally unsuccessful to overcome the problem of US restrictions.
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