Posts in category

Iran


A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran’s “illicit and malign” use of cryptocurrency to “exploit” the financial system includes at least $3.8 million-worth of bitcoin-denominated transactions every year. “While the use …

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The Iranian government has recognized cryptocurrency mining as a lawful activity as part of its effort to introduce a national cryptocurrency – a move that saw bitcoin’s price briefly spike to record levels on local exchanges. According to news agency IBENA, which is affiliated to the Central Bank of Iran, Abolhassan Firouzabadi, the Secretary of Iran’s Supreme …

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Iran may soon issue its own cryptocurrency as a way to bypass new economic sanctions enacted by U.S. President Donald Trump. A plan to develop an “indigenous” cryptocurrency is currently on the agenda of the government’s Science and Technology Department, according to Iran’s official news outlet PressTV. Alireza Daliri, the department’s deputy head in charge of investment …

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“Every crypto exchange in Iran [has been] filtered since May.” That’s how one Iranian bitcoin advocate, speaking on condition of anonymity, described a new wave of government censorship that has cut Iranians off from vital links to the crypto economy ahead of a scheduled renewal of U.S. sanctions in August and November. Several Iranians exclusively …

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Iran’s financial businesses should not deal in bitcoin or other cryptocurrencies, according to the country’s central bank and one of its principal market regulators. Fearing the possible illicit use of cryptocurrencies in money laundering and terrorist financing, the Central Bank of Iran (CBI) sent out a circular on Sunday to prohibit the use of the …

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Senior figures in Iran’s government are reportedly debating a possible move to ban Telegram’s messaging app, in part over fears its new token could undermine the national currency. Telegram is widely used in Iran and is already frowned upon by some government members for its claimed role in the organization of protests in the country …

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A new joint European banking report has poured cold water on the effectiveness of so-called central bank digital currencies (CBDCs). The report, submitted by two working groups under the auspices of the Bank for International Settlements (BIS) and European Central Bank (ECB), warns about the “adverse” effect of introducing a CBDC. It also advocates that …

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Marc Hochstein is the managing editor of CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. If Venezuela’s oil-backed cryptocurrency succeeds – and that’s still a big if – it could portend a whole new use case for the technology: fundraising for rogue states. The world may just …

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The governments of Turkey and Iran are both considering developing their own government-backed digital currencies, following on the heels of the Feb. 20 pre-sale of Venezuela’s national oil-backed Petro coin. Feb. 21, a day after the Petro’s launch, Iran’s Ministry of Information and Communications Technology (ICT) tweeted that Iran’s Post Bank is working on releasing a …

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New statements suggest that Iran’s central bank is developing a new cryptocurrency that would be administered by the state government. Information and Communications Technology Minister MJ Azari Jahromi made the announcement on Twitter Wednesday following a meeting with the bank’s board of directors. He described a meeting during which “digital currencies based on the [blockchain]” …

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Iran’s central bank has split from previous pro-Bitcoin government announcements and is now looking to “prevent” cryptocurrency, according to a report published by the Iran Front Page news site Wednesday, Feb. 21. An article in local newspaper Iran quoted online by Iran Front Page cites the Central Bank of Iran describing cryptocurrencies as “highly unreliable …

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Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com. At the end of the 12th century, unexpectedly, Genghis …

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Iran’s cyberspace authority, the High Council of Cyberspace (HCC), has claimed that it supports any move to regulate the use of digital currencies like Bitcoin in the country’s jurisdiction. The council has also reiterated the importance of creating and following laws in the country. Based on a report by Irani newspaper Financial Tribune, HCC Secretary …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Iran’s High Council of Cyberspace (HCC) has opened up about its embracive approach to cryptocurrencies like bitcoin in the country. Iran’s HCC, a prominent authority that could decide the legality of cryptocurrencies in the country, has welcomed the prospect of bitcoin in …

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Iran’s High Council of Cyberspace (HCC) has said it “welcomes” bitcoin, with caveats. According to Irani newspaper Financial Tribune, Abolhassan Firouzabadi, secretary of the country’s cyberspace authority, said: “We welcome bitcoin, but we must have regulations for bitcoin and any other digital currency … following the rules is a must.” Despite no specific regulations for cryptocurrencies in …

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As governments around the world continue spinning their wheels considering possible regulations for cryptocurrencies and ICOs, most are issuing warnings to consumers. The warnings are coming in waves, one after another. Some governments are so nervous, in fact, that they have issued warnings more than once. On November 9, the German government made a statement …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The central bank of Iran is undertaking a comprehensive study on cryptocurrencies with a particular spotlight on bitcoin. In a news conference yesterday, the Central Bank of Iran’s deputy director of innovative new technologies Nasser Hakimi revealed the authority’s intent to examine …

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The Central Bank of Iran is opening up about its stance on cryptocurrency. Speaking at a press conference this week, deputy director of new technologies, Naser Hakimi, said that the government-owned central bank is studying bitcoin and that it plans a comprehensive review of its policies in this area. The remarks came amid a wider set of comments on …

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Iranian government is reportedly laying the infrastructure for bitcoin users in a move that could see the cryptocurrency gain status as legal tender in the country. In an interview published in Farsi newspaper Shargh in late October, Iran’s Minister of Information …

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