The government of Iran has recently issued a legislation that provides a legal basis to redirect cryptocurrency, supplied from miners through taxation, for foreign import funding. The taxation would be defined by the level of electricity being used by a mining company.
As under US sanctions Iran cannot use US Dollars as a currency for foreign operations, the move looks rational and expected. Moreover, the government of Venezuela has also previously expressed plans to use privately issued cryptocurrencies on state level. We in Ternion assume such practice of using cryptocurrency in order to negate possible economic obstacles on the highest levels will only expand in the future.