TagState cryptocurrency

Untraceable Cryptocurrency Can Help Us Bypass Sanctions: Iranian General

An Iranian general has strongly hinted that the country could soon turn to cryptocurrencies as a way to evade international financial sanctions. Brigadier General Gholam Reza Jalali, head of Iran’s Civil Defense Organization, on Monday spoke about the ‘great opportunities’ presented by cryptocurrencies in the latest indication that Tehran is developing a state cryptocurrency. As reported by the...

Iran State Cryptocurrency ‘Ready’ for Experimentation: ICT Minister

Iran cryptocurrency

A senior minister from the Iranian government has revealed that an ‘experimental model’ of the country’s domestic cryptocurrency project is ready to take off. Within days of the country’s central bank banning trading of cryptocurrencies and barring domestic banks from offering services to industry firms, Iran’s Information and Communications Technology (ICT) Minister Mohammad Azari-Jahromi...

New York Bill Calls for Research Into State-Backed Cryptocurrency

A New York legislator has submitted a bill calling for the state to establish a task force to study the logistics and impacts of creating and issuing a state-backed cryptocurrency. New York Bill Calls for Research Into State-Backed Cryptocurrency The bill, which was proposed by Assemblyman Clyde Vanel and filed on Feb. 2, would require the government to research how a state-backed cryptocurrency...

The ‘Digital Shekel’: Israel is Working on a State Cryptocurrency

Israeli authorities are reportedly considering issuing a cryptocurrency that would be identical in value to the shekel, Israel’s fiat currency. Both Israel’s financial ministry and the central bank are exploring the possibility of issuing a national digital currency titled the ‘digital shekel’, the Jerusalem Post reports. Regulators have been considering the legal parameters of issuing a central...

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