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Iran’s National Cyberspace Center reveals the draft of the state-backed cryptocurrency project is ready, local news outlet reports Go to Source Powered by WPeMatico
Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration. Also read: New Bill Proposes 5% … Read more
A new report from Accenture states that Iran-based ransomware demanding payment in crypto is on the rise and will further escalate in the current geopolitical climate Go to Source Powered by WPeMatico
The recent selling pressure experienced by BTC has driven a surge in the peer-to-peer trade volume for numerous emerging cryptocurrency markets. The Localbitcoins markets for the Philippines, Iran, and Kazakhstan have all seen a significant upswing in the number of bitcoins traded in recent weeks. Also Read: Blockchain States Lure Citizens with Political Nostalgia and Voting … Read more
Iran is planning to issue its own national crypto in the face of looming sanctions by the US government. The Middle Eastern country intends on working with local companies with expertise in cryptography and technology to develop the national crypto, with the country’s central bank being in charge of the development process. This is not … Read more
The government of Iran is preparing to launch its own cryptocurrency, according to state-controlled media reports. The intended purpose of the new Iranian govcoin is to help the country skirt the international financial sanctions meant to cut its access to the global economy. Also Read: The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $100M … Read more
Iran will likely launch a national cryptocurrency to skirt sanctions, says official Go to Source Powered by WPeMatico
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 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
Muslim entrepreneurs, investors, and governments are intent on being leaders in the competitive global marketplace Go to Source Powered by WPeMatico