The latest report unveils Iran’s upcoming move of launching state-backed cryptocurrency this week. The move is intending to skirt US sanctions and SWIFT payment system. Avoiding US Sanctions – Momentarily As per the sources, Iran may introduce its national cryptocurrency at a ‘blockchain-based conference called ‘E-Banking and Payment System’. The conference is held for two
Citizens in Iran must stay away from the native token of Telegram messaging App known as Gram. According to Tehran times (Iran’s local media), anyone aiding Gram cryptocurrency will constitute a criminal act. Gram Crypto Criminalized By Iran Javad Javidnia, Secretary of Criminal Content Definition Task Force noted that; Any cooperation with Telegram messaging app
Iran and its state-owned cryptocurrency have long been in discussion and it’s likely that Iran will soon launch a national cryptocurrency backed by fiat currency, Rial. As soon as the Central Bank of Iran (CBI) approves its application, this national cryptocurrency will be issued to Fintech organizations for testing purposes. However, the name of Iran’s
Iran’s national currency rial crashed hard in the aftermath of Trump cutting off the Nuclear deal that has led to hyperinflation and an economic crisis in the country. Experts claim it will turn panicked Iranians to crypto which has already started happening as evident from the siphoning of $2.5 billion in crypto from the country.