• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TMRW, Dubai (February 8-10, 2023)
    • European Blockchain Convention, Barcelona (February 15-17, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Iran could introduce national cryptocurrency

January 28, 2019 By Crypto Reporter

The new token could be unveiled at the annual Electronic Banking and Payment Systems conference that takes place January 29-30. 

Image via Flickr

Iran is moving closer to introducing a state-backed cryptocurrency at a two-day Electronic Banking and Payment Systems conference that kicks off January 29 at Tehran, reports Al Jazeera.

The coin is planned to be launched in several stages, first as a token, supported by rial, which will facilitate transactions between Iranian banks and other financial institutions. It could later become an instrument for the Iranian public to pay for local goods and services

The national cryptocurrency could lay the groundwork for Iran to become part of a blockchain-based international payments system, an alternative to SWIFT. Last May the Trump administration stated about pulling out of the 2015 nuclear agreement and reinstating sanctions. The hardest blow to Iran’s economy followed in November when its banks were barred from SWIFT.

Launching the crypto-rial could be a way to circumvent sanctions and trade with other countries without using SWIFT.

More news:

  • Iran approves crypto payments for imports
    Iran approves crypto payments for imports
    September 5, 2022
  • Ripple partners with the National Bank of Egypt
    Ripple partners with the National Bank of Egypt
    May 26, 2021
  • Indonesia to launch a national crypto exchange
    Indonesia to launch a national crypto exchange
    January 6, 2023
  • Cryptocurrency Jargon
    Cryptocurrency Jargon
    August 23, 2021
  • MoneyGram to allow buying and selling cryptocurrency 
    MoneyGram to allow buying and selling cryptocurrency 
    May 19, 2021
  • PayPal expands cryptocurrency services to the UK
    PayPal expands cryptocurrency services to the UK
    August 28, 2021

Filed Under: General News, News Tagged With: cryptocurrency, Iran, news, regulations

Primary Sidebar

Follow Us

Press Releases

London is going to host the largest crypto & blockchain conference

February 8, 2023

2023 Price Projections For Axie Infinity (AXS), Orbeon Protocol (ORBN), And Aptos (APT)

February 8, 2023

Banxa and MetaMask Partner to Make it Easier to Access Web3

February 7, 2023

Orbeon Protocol (ORBN) vs Fantom (FTM): Which Will Offer Better Returns?

February 7, 2023

Orbeon Protocol (ORBN) Continues Upward Trend, While Filecoin (FIL) and Zcash (ZEC) Struggle

February 7, 2023

TMRW

EBC 2023

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter