• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Michael Saylor Advocates Bitcoin for Corporate Treasuries

    Michael Saylor Advocates Bitcoin for Corporate Treasuries

    Bitcoin ETFs Attract $2.3B in Inflows Indicating High Demand

    Bitcoin ETFs Attract $2.3B in Inflows Indicating High Demand

    Tim Draper Urges Bitcoin Adoption, Predicts $250K by 2025

    Tim Draper Urges Bitcoin Adoption, Predicts $250K by 2025

    Tim Draper Reiterates Bitcoin Price Forecast for 2025

    Tim Draper Reiterates Bitcoin Price Forecast for 2025

    Tim Draper Advocates Bitcoin for Business Resilience

    Tim Draper Advocates Bitcoin for Business Resilience

    Tim Draper Reasserts Bitcoin $250k Target Amid Business Warnings

    Tim Draper Reasserts Bitcoin $250k Target Amid Business Warnings

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Bitwise Files for Spot AVAX ETF with SEC

    Bitwise Files for Spot AVAX ETF with SEC

    BitMine's Ethereum Holdings Reach $10 Billion Milestone

    BitMine’s Ethereum Holdings Reach $10 Billion Milestone

    Pepeto Raises $6.6M, Targets Meme Coin Ecosystem

    Pepeto Raises $6.6M, Targets Meme Coin Ecosystem

    Pepeto Attracts Shiba and Pepe Holders in 2025 Shift

    Pepeto Attracts Shiba and Pepe Holders in 2025 Shift

    Analysts Speculate on Solana’s Potential Future Price Increase

    Analysts Speculate on Solana’s Potential Future Price Increase

    Exploration of a New Network Token by Coinbase's Base

    Coinbase’s Base Considers Launching Network Token

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Iran Set to have its Own National Cryptocurrency

Joshua T. by Joshua T.
October 31, 2018
in Latest News
U.S Sanction

Source: news.livecoinwatch.com

The U.S Government, under the current President, Donald Trump has issued some major sanction against some countries. Of the countries still under the U.S sanction, Iran seems to be one of the most affected ones. The U.S Sanction has affected the Iranian national currency, Rial, greatly. The national currency has dropped in value and it hasn’t recovered ever since the section took effect. In bids to revive the country’s economy, the Iranian Government has made it known that it is currently exploring several options to circumvent the U.S sanction and its effects. Developing a national cryptocurrency has been identified by the government as the most promising one, of the options available.

The U.S Sanction on Iran

The American President, Donald Trump made an announcement earlier this year. He made it known that it will reinforce economic sanctions on Iran.
The impact of this sanction on Iran’s currency, the Rial, is quite enormous. The sanction saw its value crashing through the proverbial floor.
This has driven the Iranian authorities to start exploring alternatives.
Based on the most recent interview granted by the head of the country’s Civil Defense Organisation, Brigadier General Gholamreza Jalali, cryptocurrencies are being seen as a way around.

Jalali made it known in the interview that:

“Iran faced problems with the SWIFT system that’s used to underpin most international money and security transfers.”

He further stated that:

“Our major problem here is the US dollar because the United States uses its national currency to control any country’s SWIFT operations, so we should reduce dependence on the dollar and replace it with another currency”,

He also stated that:

“cryptocurrencies can help bypass certain sanctions through untraceable banking operations”.

Going by his statement, it looks like the country is already set on having its own national crypto at all cost.

Tags: CryptoIranTrumpU.S Sanction
Previous Post

Cory Johnson: Ripple XRP will Continue to Exist without Ripple

Next Post

Venezuela’s National Digital Currency— Petro Listed on Six Exchanges

Joshua T.

Joshua T.

Related Posts

PayPal Integrates Crypto in P2P Payments

PayPal Integrates Bitcoin, Ethereum, PYUSD for P2P Payments

by Solomon M.
September 15, 2025

PayPal announces integration of Bitcoin, Ethereum, and PYUSD in its P2P system.

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

Thailand Freezes Millions of Bank Accounts in Scam Crackdown

by Solomon M.
September 15, 2025

Thailand freezes 3 million accounts to fight scams, affecting financial and crypto sectors.

Bitmine Acquires 276.8K ETH Amid Market Dynamics

Bitmine Acquires 276.8K ETH Amid Market Dynamics

by Joshua T.
September 15, 2025

Bitmine Immersion Technologies buys 276.8K ETH, driving notable market impact.

Crypto Market Liquidations and Their Impact

Crypto Market Faces $309M Liquidation Impact

by Solomon M.
September 15, 2025

$309M crypto liquidated, $217M from longs, affecting key assets like BTC, ETH.

Market Liquidations Highlight Crypto Volatility

Crypto Market Hit: $309M Liquidations Recorded

by Solomon M.
September 15, 2025

$309M crypto liquidations in 24 hours, impacting BTC, ETH. Key exchanges involved.

Mastercard's Collaboration Enhances Crypto Payments via Stablecoins

Mastercard’s Collaboration Enhances Crypto Payments via Stablecoins

by Solomon M.
September 15, 2025

Mastercard partners with Web3 firms, expanding crypto payments with stablecoins for global transactions.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.