Iran News

Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.

News
The crypto rial has been in preparation for years; its introduction comes on the heels of the country’s introduction of cryptocurrency for foreign trade.
Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report
Derek Andersen
2022-09-21T22:50:53+01:00
2946
Analysis
Iran has decided to legalize the use of crypto in cross-border payments, which could impact how some countries view crypto.
Crypto for foreign trade: What we know about Iran’s new strategy
David Attlee
2022-09-15T14:10:00+01:00
4259
News
The Office of Foreign Asset Control sanctioned 7 Bitcoin addresses allegedly connected to Iranian nationals Ahmad Khatibi Aghada and Amir Hossein Nikaeed Ravar.
US Treasury sanctions Iran-based ransomware group and associated Bitcoin addresses
Turner Wright
2022-09-14T18:15:00+01:00
1662
News
Iran’s Trade Ministry has approved the use of cryptocurrency payments for imports in a bid to bolster trade in the country.
Iranian businesses get the green light to use crypto for imports
Gareth Jenkinson
2022-08-30T09:19:54+01:00
3494
News
Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent.
Iran Import Association demands regulatory clarity to use crypto in foreign trade
David Attlee
2022-08-23T10:15:50+01:00
1270
News
Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals.
Iran makes $10M import with crypto, plans ‘widespread’ use by end of Sept
Brayden Lindrea
2022-08-10T05:53:11+01:00
5235
News
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the...
Treasury's OFAC is investigating Kraken for violating US sanctions: Report
Turner Wright
2022-07-26T21:00:00+01:00
1420
News
Iranian cryptocurrency users claim to have used global exchange Binance months after a company-imposed ban and renewed economic sanctions against the country.
REPORT: Binance allegedly continued to serve Iranian customers, despite ban and sanctions
Gareth Jenkinson
2022-07-11T19:45:00+01:00
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