Iran Is Planning to Launch Its Own Cryptocurrency In Order to Bust U.S. Sanctions

in #crypto3 years ago

Hi Steemitians,

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.

Click the below link for full details

http://fortune.com/2018/07/26/iran-sanctions-cryptocurrency/

Article by David Meyer

Image courtesy : New York Post

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I hope they do and make it big