Latest News for: Iran crypto currency


Iran Set To Launch Its CBDC, Crypto Rial

BitRSS 24 Sep 2022
The Central Bank of Iran is ready to launch its own Central Bank Digital Currency dubbed “Crypto Rial”. Central Bank Digital Currencies (CBDCs) represent the legal tender in the national unit, with the Central Bank fully responsible for its issuanc ... .

Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today

Bitcoin 23 Sep 2022
The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the ... Crypto rial refers to Iran’s central bank digital currency (CBDC).

Crypto week at a glance: Volatile week for Bitcoin; Ethereum loses sheen

The Times of India 23 Sep 2022
Iran’s central bank has started CBDC trials to turn banknotes into programmable currency. The crypto rial will be a digital version of the country’s fiat currency, which could be a game changer for the country’s digital economy ... Iran recently approved a detailed regulatory ...

CryptoSlate Wrapped Daily: Bitcoin drops 6.5% after Fed’s 75 bps rate hike; Tether under pressure ...

Cryptoslate 22 Sep 2022
Iran to launch CBDC on Sept ... The Central Bank of Iran (CBI) is set to launch its digital currency dubbed “Crypto-Rial” by Sept ... The Crypto Rial will be created by converting some Iranian Rail banknotes into cryptocurrency. Canadian Crypto King’s assets confiscated as investors try to recoup millions entrusted to him ... Crypto Market.

Here’s how Iran’s CBI is planning to use Crypto tech

Cryptopolitan 21 Sep 2022
This digital currency is said to have exceptional security, which has led Iran to ... According to past Central bank of Iran (CBI) announcements, the crypto-rial, which would be entirely digital and resemble physical banknotes and coins, is expected to become a new national currency.

Iran to launch CBDC on Sept. 22

Cryptoslate 21 Sep 2022
The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept ... The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency ... currencies globally ... Iran becoming pro-crypto.

Iran expects electricity demand peak of 72GW for next summer

Press TV 04 Sep 2022
Iran cuts monthly gasoline quotas to fight smuggling ... Kordi said government estimates show electricity use by crypto currency miners in Iran is currently around 1.2 to 1.5 GW, adding that the crypto mining in the country had expanded both in terms of size and geographical locations compared with last summer.

Iran allows use of crypto for imports amid sanctions

The Block 30 Aug 2022
A new law from Iran is allowing the use of crypto in the processing of imports, according to semiofficial Iranian news agency Tasnim ... Using crypto rather than fiat currencies is one means to circumvent trade embargoes and sanctions.

Iran pays US$10 mln import order with crypto for 1st time: report

Yahoo Daily News 10 Aug 2022
Crypto exchange Kraken reportedly under investigation for Iran sanctions breachFast facts ... Crypto analytics firm Elliptic said that 4.5% of ... The Iran central bank said in June that it would launch the pilot of its central bank digital currency (CBDC), the crypto rial, on Aug.

Iran Used Crypto To Pay For $10 Million Worth Of Imported Goods

Inside Bitcoins 10 Aug 2022
Iran has joined the growing list of countries who are embracing crypto after the Asian nation made its first import with crypto assets valued at $10 million ... Last year, the Central Bank of Iran (CBI) allowed licensed miners, currency exchanges, and banks to pay for imports in crypto assets.

Iran Places First Official Import Order With Cryptocurrency Worth $10 Million

Bitcoin 10 Aug 2022
Iran Uses Crypto to Place Import Order ... The Central Bank of Iran (CBI) announced in August last year that banks and licensed currency exchangers can use cryptocurrency mined by licensed crypto miners in Iran to pay for imports ... What do you think about Iran using crypto to place import orders? Let us know in the comments section below.

Iran Dabbles In Crypto For Cross-Border Trade, In Effort To Bypass Sanctions

Forbes 10 Aug 2022
Iran has announced its first use of crypto-currencies to settle a trade deal, but U.S. officials are trying to clamp down on Tehran’s use of digital currencies and their volatility is another ever-present risk for the country ... .

Iran successfully conducts $10 million import using cryptocurrency

Cryptopolitan 09 Aug 2022
Iran has been under several US economic sanctions since 1979 ... Iran set to fund foreign trades with crypto ... On June 1st, Cryptopolitan reported that the Central Bank of Iran (CBI) proposed the amendment to enable the nation’s cabinet to fund imports through digital currencies. The government or CBI sources the crypto funds from local miners.

Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months

Bitcoin 26 Jun 2022
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial ... Quoted by the English-language Iran Front Page news portal, the top executive emphasized that Iran’s digital currency will be different from the decentralized global cryptocurrencies.

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says

Bitcoin 20 Apr 2022
The IMF experts believe that countries like the Russian Federation and the Islamic Republic of Iran could use crypto mining to circumvent sanctions ... Officials in Moscow have been turning attention to crypto assets as a tool to restore Russia’s access to global markets, ...

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