According
to ArzDigital, Gholam Hossein Mozaffari, CEO of the Kish Free Zone
Organization, hopes that the Iranian government will approve a proposal
to use crypto funds, such as Bitcoin (BTC), to pay for car imports on Kish Island in Iran.


The
decision will fall to the Central Bank of Iran, who has said in the
past that this type of funding would not be possible due to the
hyperinflation of the rial — the nation’s currency. 


Mozaffari
told local media outlets that the issue of car imports has been a “sad
story,” because of the expensive costs involved:



“Our
next suggestion was that we would provide the required currency through
digital currency mined in free zones, the origin and amount of which
are known, and would not put any pressure on the country's currency.”



Mozaffari
is meeting with the head of the Central Bank next week, and hopes the
outcome will be fruitful. The organization appears to have already begun
working with companies in the private sector to set up a framework for
crypto transactions, in the event that the central bank does indeed
greenlight the proposal.


In August, Taras Kulyk, Senior
Vice President of Blockchain Business Development at Core Scientific,
told Cointelegraph that governments – like Iran – are looking to make
their policies more favorable to mining in order to gain competitive advantages over other countries.

The Iranian government recently took down over a thousand crypto mining farms that were operating without a license.

source link : https://cointelegraph.com/news/irans-crypto-mines-could-be-used-to-help-fund-car-imports