Iran Steps Up Plan for National Crypto After US Sanctions

Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency. Officials in the Islamic Republic believe the state-issued coin could help circumvent the restrictions imposed by the Trump administration.

Also read: New Bill Proposes 5% Tax on Crypto Incomes in Ukraine

Iran to Evade US Sanctions Using Own Crypto

Faced with renewed US sanctions, Iran is...

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