Iran claims that cryptocurrency is a promising option to avoid the influence of the dollar and replacing the interbank SWIFT system.

Iran considers to use cryptocurrency in international trade operations, in particular with Russia, that may help to bypass US sanctions, said Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, who visited Moscow.

"Over the past year or two, there has been lots of talks about the use of cryptocurrency. It is one of the good ways to bypass the use of the US dollar, as well as to replace the SWIFT system. We ordered the Central Bank in Iran to start developing proposals on the use of cryptocurrency," he said at a meeting with Dmitry Mezentsev, the head of the Russian Federation Council Committee on Economic Policy.

According to Pourebrahimi, he discussed this issue with the representatives of the Russian State Duma economic policy committee, and they shared his opinion.

"We said that if we manage to promote this work, then we will be the first countries that use cryptocurrency in the exchange of goods," Pourebrahimi said.

In addition, he said that expansion of interaction between the new payment systems of the two countries, the Russian Mir system and the Iranian Shetab, is also promising. According to Mezentsev, the discussion of this issue will continue at the meeting of the working group on financial and interbank cooperation, which will be held in Tehran on 5 July.

Earlier, it was rumoured that Russia could have helped Venezuela to launch its El Petro cryptocurrency