Iran Is Planning to Launch Its Own Cryptocurrency In Order to Bust U.S. Sanctions
Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions.
The Iranian government said in April that it had developed an experimental domestic cryptocurrency. With the U.S. having since pulled out of the Iran nuclear deal and restored more sanctions—a ban on buying U.S. dollars comes into force next month, and crude oil sanctions will follow in November—there’s a newfound urgency in the air.
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Article by David Meyer
Image courtesy : New York Post
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