central bank of iran – DIGIT INFO

Central Bank of Iran promises CBDC launch, fintech to fight sanctions

DIGIT — Tue, 26 Nov 2024 18:07:33 +0000

The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.

Go to Source

President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies

DIGIT — Tue, 09 May 2023 21:30:32 +0000

Iranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank of Iran has already started implementing this policy, proposing to pay bilateral trades using […]

Go to Source

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 […]

Go to Source

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 […]

Go to Source

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 […]

Go to Source

Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders

DIGIT — Sat, 08 May 2021 21:30:50 +0000

The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned, although spending crypto on imports through approved banks and exchanges remains […]

Go to Source

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

DIGIT — Tue, 16 Jul 2019 22:30:31 +0000

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The […]

The post Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin appeared first on Bitcoin News.

Go to Source

Fincen Claims Iran Is Using Crypto to Evade Sanctions

DIGIT — Mon, 15 Oct 2018 16:03:48 +0000

The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […]

The post Fincen Claims Iran Is Using Crypto to Evade Sanctions appeared first on Bitcoin News.

Go to Source

Fincen Claims Iran Using Crypto to Evade Sanctions

DIGIT — Mon, 15 Oct 2018 12:35:41 +0000

The post Fincen Claims Iran Using Crypto to Evade Sanctions appeared first on Bitcoin News.

Go to Source

Iran Expected to Lift Cryptocurrency Ban in September

DIGIT — Mon, 27 Aug 2018 18:15:17 +0000

The deputy for innovative technologies at the Central Bank of Iran, Nasser Hakimi, has stated that Iran’s financial regulator will be reviewing the country’s blanket cryptocurrency ban. The central bank official also indicated that the country’s regulatory apparatus pertaining to virtual currencies is expected to be finalized by the end of September. Also Read: Thailand Updates […]

The post Iran Expected to Lift Cryptocurrency Ban in September appeared first on Bitcoin News.

Go to Source