Iran ‘Preparing Ground’ for National Cryptocurrency to Dodge US Sanctions
Iran will likely launch a national cryptocurrency to skirt sanctions, says official Go to Source Powered by WPeMatico
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Over 500 BTC Belonging to Iranians Seized by US Government: Report
According to the head of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were confiscated by the U.S. government last year, and the number is still rising. He explains that Iranians are unable to take action through proper channels from within their country due to Iran’s legal status of cryptocurrency. Also read: Yahoo! Japan Confirms … Read more
Iran Considers Using Cryptocurrencies to Evade US Sanctions
Iran may employ cryptocurrencies as part of its efforts to circumvent the upcoming US sanctions, according to a high-ranking Iranian lawmaker who said the matter will be discussed in parliament soon. The Iranian MP also believes that digital money can help with overcoming the hegemony of the US dollar. Also read: PBoC: Bitcoin Trading … Read more
Banks and Cryptocurrencies Global Evaluation: The Middle East
Muslim entrepreneurs, investors, and governments are intent on being leaders in the competitive global marketplace Go to Source Powered by WPeMatico
India Rejects Venezuelan Crypto Despite 30% Discount
The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded … Read more
Iran: Crypto Adoption or Rejection?
Economic sanctions have led to polarizing views on cryptocurrencies in Iran Go to Source Powered by WPeMatico
South Korean Exchange Bithumb Blocks Trading in 11 Countries
South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Money Laundering Bithumb announced … Read more
Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics
Before all the Lambo memes, shady no-product ICOs, and get-rich-quick schemes invaded the scene, Bitcoin was meant to disrupt the current economic system. Today’s edition of Bitcoin in Brief showcases how that promise is starting to materialize in different fields, including the future of elections and geopolitics. Also Read: Bitcoin in Brief Monday: New EU … Read more
Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions
Iran and Russia discussed the use of crypto with the aim of avoiding international sanctions, also noting that crypto could replace the SWIFT interbank system Go to Source Powered by WPeMatico
Bitcoin in Brief Thursday: OECD Explores Cryptocurrencies, Central Asian Powerhouse Calls for UN Crypto Rules
In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, … Read more
