cbi – DIGIT INFO

Iran Launches Digital Rial Pilot on Kish Island

DIGIT — Fri, 21 Jun 2024 04:07:38 +0000

The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting on the first day of the […]

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Indian Authority Busts Cryptocurrency Fraud Ring Targeting Foreign National

DIGIT — Sun, 09 Jun 2024 01:37:49 +0000

India’s Enforcement Directorate (ED) has cracked down on a cryptocurrency fraud ring targeting a foreign national. The accused persuaded the victim to transfer $400,000 to a cryptocurrency account set up using unauthorized remote access. The ED seized digital evidence, froze fixed deposits, and confiscated jewelry connected to the case. The investigation is still ongoing. ED […]

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Iran Sets Up Platform to Facilitate Crypto Payments for Imports

DIGIT — Wed, 03 May 2023 12:19:59 +0000

Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies for Imports, Trade Organization Chief Vows Iranian companies will be able pay for […]

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Iran’s Crypto Rial Project Enters Trial Phase

DIGIT — Fri, 10 Mar 2023 09:30:16 +0000

The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares to Trial Its Digital Currency The project to issue a digital […]

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Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

DIGIT — Sat, 13 Aug 2022 22:30:01 +0000

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic. Top Banker Confirms Crypto Trading Still Illegal in Iran […]

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Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

DIGIT — Sun, 26 Jun 2022 13:30:22 +0000

The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months. Crypto Rial to Be Different From Cryptocurrencies, Central Bank Says Iranian […]

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Iran Will Not Allow Crypto Payments, Prepares to Pilot Digital Rial

DIGIT — Mon, 11 Apr 2022 23:30:44 +0000

Iran will not recognize cryptocurrencies as a means of payment, a high-ranking government official has indicated. His statement came as the Central Bank of Iran announced rules for the issuance of digital coins in the country. These are meant, however, for its own “crypto rial,” the pilot phase of which should start in the near […]

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Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

DIGIT — Sat, 22 Jan 2022 07:30:52 +0000

The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to […]

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Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal

DIGIT — Tue, 11 Jan 2022 18:45:44 +0000

Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to Be Able to Pay Foreign Partners With Crypto Iranian companies […]

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Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges

DIGIT — Mon, 01 Nov 2021 05:30:45 +0000

Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180 Million […]

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