Iran found using cryptocurrency is a solution to bypass economic sanctions

Published in Asia Iran has been struck by a monetary crisis in recent months after its fiat currency, the rial, plunged to historic lows against the US dollar leading up to US president Trump formally withdrawing from the Obama-era nuclear deal with Iran. But a solution was however found. After being threatened with new sanctions, Iran is surprisingly emerging as a “cryptocurrency-friendly” nation. In an official statement given by the Central Bank of Iran, the country is in advanced talks with …

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