Iran’s Interest in Cryptocurrency Possibly Influencing Trump’s New Crypto Rules

in #iran9 days ago

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source: CNN.com

CoinDesk reports that the Trump administration’s new policies regarding cryptocurrency could be influenced by Iran’s new research report regarding the technology.

In the news article, The New York Times are cited stating that the U.S. Government is showing concerns that cryptocurrencies are being used to avoid American sanctions, with mentions of Iran, specifically.

Iran’s interest in the technology stems from a research report from the Parliament of Iran Research Center, in which it states that cryptocurrency mining licenses could help in generating tax revenue. With these licenses, it is suggested that the Iranian government could generate up to $1 billion in annual revenue.

With tensions between the two nations continuing to grow, it seems Iran is looking for other resources to help bolster its own government.