Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Currently, the country is being shaken by social uprisings, and the Iranian regime is under sanctions imposed by the United States. Still, we have now learned that Iran is thinking about creating its own cryptocurrency. This was announced, via Twitter, by the Iranian Ministry of Information Technologies and Communications.
If we believe the Ministry’s tweet from February 21st, the country’s central bank is planning on creating a cryptocurrency that will be backed by the state itself. The announcement was made after a meeting of the bank’s board of directors, during which, “the subject of digital currency based on Blockchain technology was discussed.” Also, during the meeting, it was decided to “to introduce the very first digital currency with Cloud technology by using the power of the country’s elite.”
The announcement came at an interesting time, since the day before, February 20th, Venezuela, also under fire from international sanctions, launched their own cryptocurrency dubbed the “Petro”. Elsewhere, central banks in China, Singapore and the UK have also been toying with the idea of launching their own national cryptocurrencies.
A few months ago, the Iranian central bank said, “Wild fluctuations and competitive business activities, such as marketing, have made the market unreliable and very risky.” They also confirmed that they were looking for solutions to “control and limit the use of digital money in Iran.”
Moreover, the Secretary of the Iranian authority in charge of cyberspace, Abolhassan Firouzabadi, said that Iran would begin “accepting” Bitcoin if it were regulated. According to Iranian media, the Bank of Iran does not recognize Bitcoin as a legal tender within the country.
On the other hand, many believe that the Iranian regime is trying to use cryptocurrency to circumvent international sanctions since the use of Paypal, Mastercard and Visa are also sanctioned against in the country.
It should also be mentioned that the country’s national currency continues to lose value against the dollar despite the government’s efforts to reform interest rates. Still, the Iranian government has flat-out denied that they are trying to use Bitcoin to bypass US sanctions.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Weekly crypto price analysis 25/03: BTC, ETH, XRP, BNB, ADA, and SOL
32 minutes ago | Cryptopolitan
The week in markets: Crypto rally meets headwinds as Fed roils markets
35 minutes ago | The Block
XRP Ledger (XRPL): Features, Benefits, and Future Potential
36 minutes ago | CryptoGlobe
Dogecoin (DOGE) Community Debunks Claims of Vulnerability Putting Billions of Funds at Risk
41 minutes ago | UToday
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Iran Planning to Launch Its Own Digital Currency
Currently, the country is being shaken by social uprisings, and the Iranian regime is under...
What Brings More Risk Investing in Crypto Or Forex?
Cryptos and forex have one thing in common; risk. This is because forex has been around for...
Can You Make a Living Trading in Cryptos?
Everyone interested in the crypto market is after the big prize; money. Between 2019 and 2020,...
Do Your Own Research: Things To Look Out For When Trading Crypto
Do Your Own Research (abbreviated as DYOR) is a golden rule used by crypto enthusiasts before...
Where is the Crypto Market is Going in 2020?
If there is a group of people currently wishing they had kept quiet, it is the team that...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)