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New Crypto Law Requires Selling Bitcoin Directly to Central Bank to Fund Imports

Iran has resorted to a new crypto currency regulation that required licensing bitcoin miners to sell their coins directly to the Central Bank for use to fund imports. Reports published by bitcoins.com said the Iranian government has amended its crypto currency regulation to enable the country’s central bank to fund Read more…

By Cyber Flows, 4 years31/10/2020 ago

Cryptocurrency

Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions

Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect the Iranian economy. Read more…

By Cyber Flows, 5 years07/05/2020 ago

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