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President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National Currencies

President Raisi Calls on Central Bank of Iran to Ditch US Dollar in Trade, Shift to National CurrenciesIranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank of Iran has already started implementing this policy, proposing to pay bilateral trades using […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock MarketThe Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal

Iran to Permit Use of Cryptocurrencies in International Settlements, Reports RevealAuthorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to Be Able to Pay Foreign Partners With Crypto Iranian companies […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges

Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local ExchangesCryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180 Million […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders

Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its BordersThe Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned, although spending crypto on imports through approved banks and exchanges remains […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program