Iran has passed a new law that allows business imports to be paid for in cryptocurrencies, even as speculative investments remain illegal, according to state media. 

As well as the use of cryptocurrencies for international trade, the law outlines how they should be mined, Fatemi Amin, minister of industry, mining and trade, said on August 28.

Amin said the law “defines regulations on cryptocurrencies, the supply of fuel and electricity for mining, and the authorisation to use cryptocurrencies”