CBI Allows Iranian Financial Institutions to Use Bitcoin Mined Within Iran

"Virgin" Bitcoin

The Central Bank of Iran (CBI) started allowing other financial institutions (besides just itself) to use cryptocurrency internationally, but only cryptocurrency that was mined by a licensed crypto miner within Iran. CoinTelegraph reported:

According to a report from the English-language Iranian economic news source Financial Tribune, the Central Bank of Iran, or CBI, is authorizing banks and licensed forex shops to use cryptocurrency as payments for imports.

Under its regulatory framework, the cryptocurrency must derive from licensed crypto miners only. These mining operations are officially permitted by the Iranian state as an industrial activity and require operators to secure a license from the Ministry of Industry, Mine and Trade.


  1. cointelegraph.com/news/iran-s-central-bank-says-officially-mined-crypto-can-be-used-to-pay-for-imports
  2. bitcoinmagazine.com/culture/iran-using-cryptocurrency-for-imports
  3. twitter.com/Fatalmeh/status/1390338789462224908
  4. twitter.com/IranIntlbrk/status/1389950936878133256

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