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

The decision will be taken by the Central Bank of Iran, which previously stated that this type of financing is impossible due to excessive inflation in the riyal – the national currency.

Mozaffari told local media that the problem of importing cars was a “sad story” of the high cost:

Our next suggestion was that we should provide the required currency through the digital currency extracted in the free zones, whose source and quantity are known, and not put pressure on the country’s currency.

Mozaffari meets with the central bank governor next week and hopes that the result will be fruitful. It appears that the organization has already started working with companies in the private sector to create a framework for cryptocurrency transactions, in case the proposal is already covered by the central bank.

In August, Taras Kollek, senior vice president of blockchain business development at Core Scientific, told Cointelegraph that governments like Iran want to make their policies more favorable to mining in order to gain a competitive advantage over other countries.

The Iranian government recently seized more than a thousand unlicensed cryptocurrencies.

Source: CoinTelegraph