SWIFT Kicks Out Iran – Country Responds with State-issued Cryptocurrency

Following the disconnection by SWIFT, Iran is set to launch its own state-issued cryptocurrency to circumvent U.S. sanctions.

SWIFT Removes Iran Amidst Renewed U.S. Sanctions

During the weekend, Belgian interbank service provider, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced it was cutting off Iran from its financial messaging system. According to the Asia Times, the company carried this action because of U.S. sanctions.

Following the disconnection, the...

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