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

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 […]

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Details of Iran’s National Cryptocurrency Unveiled

Details of Iran’s National Cryptocurrency UnveiledIran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Built on Hyperledger Informatics […]

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Iran Expected to Lift Cryptocurrency Ban in September

Iran Expected to Lift Cryptocurrency Ban in SeptemberThe 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 […]

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CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” - Former FDIC ChairThe former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also […]

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$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

$2.5 Billion Sent Out of Iran to Purchase CryptocurrenciesThe chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion […]

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Louisiana Mayor Proposes Government-Backed Crypto and ICO

Louisiana Mayor Proposes Government-Backed Crypto and ICOThe mayor-president of the Louisiana city of Lafayette, Joel Robideaux, has proposed an ambitious plan that would see the city develop a government-issued cryptocurrency. Mr. Robideaux suggested the launching the cryptocurrency through an initial coin offering (ICO). Also Read: Spring Sees Bitcoin Cash Adoption Rise Lafayette Mayor Advocates Government-Issued Cryptocurrency The government of a city in […]

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