Tag: Sanctions

The Iranian Government Is Preparing to Launch Its Own Cryptocurrency

Altcoins The authorities of Iran is preparing to start its cryptocurrency, based on state-controlled media reports. ) The intended aim of this new Iranian govcoin is to assist the nation skirt the global financial sanctions intended to cut its accessibility to the international market. The Iranian Directorate for Scientific and Technological Affairs of those Presidential […]

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Over 500 BTC Belonging to Iranians Seized by US Government: Report

Finance According into the mind of Iran’s Blockchain Association, over 500 BTC belonging to Iranians were seized from the U.S. government this past year, and the number is still increasing. He clarifies that Iranians are not able to do it through appropriate channels from inside their country because of Iran’s legal standing of cryptocurrency. Sepehr […]

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Iran Considers Using Cryptocurrencies to Evade US Sanctions

Economy & Regulation Iran may use cryptocurrencies as part of its attempts to bypass the forthcoming US sanctions, according to a high-ranking Iranian lawmaker who stated the issue will be discussed in parliament shortly. The Iranian MP also considers that electronic currency can help with beating the hegemony of the US dollar.    Cryptocurrencies are […]

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India Rejects Venezuelan Crypto Despite 30% Discount

News The authorities of India has officially rejected Venezuela’s state-backed cryptocurrency, the petro, even though an effort to lure India using a 30percent reduction. Dependent about the Latin American nation’s petroleum, a continuous, uninterrupted supply is critical to growing among the planet’s most populous states. Venezuela is in the middle of radically bad financial fate […]

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Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics

The Daily Before each of the Lambo memes, unethical no-product ICOs, and also get-rich-quick strategies invaded the scene, Bitcoin was supposed to interrupt the present financial system. Today’s variant of Bitcoin in Brief showcases the way that guarantee is beginning to materialize in various areas, including the future of elections and geopolitics. Iran and Russia […]

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MP Suggests Iran and Russia Use Cryptocurrencies to Combat U.S. Economic Sanctions

An Iranian parliament member has implied that electronic monies be utilized in efforts to work around returning economic sanctions in the United States. Original post first appeared in https://www.newsbtc.com/2018/05/20/mp-suggests-iran-and-russia-use-digital-currencies-to-combat-u-s-economic-sanctions/

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$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies

Finance The chairman of the economic committee of Iran’s parliament has shown that Iranians have shipped over $2.5 billion from the nation to buy cryptocurrencies with. His announcement follows the nation’s central bank prohibiting local banks from handling digital monies such as bitcoin. Mohammad Reza Pourebrahimi, the Chairman of those Economic Commission of those Parliament […]

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