Tag: Iran

Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in Iran Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian […]

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran On Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder […]

Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions

Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization […]

The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation

The Daily: Iran Said to Announce Crypto-Rial This Week, Italy Closer to Crypto Regulation In this edition of The Daily, Iran is reportedly preparing to announce its national cryptocurrency during a conference starting on Jan. 29. Also, a draft decree introducing legal definitions for terms related to cryptocurrencies has been […]

Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy

Cryptocurrency Adoption Rising in Iran as Government Mismanages Economy Iran is toying with the idea of lopping zeros off its national currency as inflation goes through the roof. History tells us this is rarely a good idea. Cryptocurrency provides an alternative for those living in countries where the fiat currency […]

Iran Labels Telegram’s Coin a Threat to National Security

Iran Labels Telegram’s Coin a Threat to National Security Tehran has once again targeted the users of the popular messaging application Telegram. A law enforcement official warned Iranian citizens against providing any support for the launch of the instant messaging app’s native token, the Gram. Also read: Bill to Curb […]

Iran Completes Development of Rial-Supported National Cryptocurrency

Iran Completes Development of Rial-Supported National Cryptocurrency Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in […]

Bitcoin Hits $24,000 In Iran After Government Okays Mining

Bitcoin Hits ,000 In Iran After Government Okays Mining The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How […]

Iran Steps Up Plan for National Crypto After US Sanctions

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 […]