U.S. Sanctions: Iran Ready to Launch National Cryptocurrency

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Iran has finished developing their national cryptocurrency, which is pegged at 1:1 with the rial.  Their hope is that a digital currency could loosen the grip on their trade and provide independence from the USD. The announcement closely follows the re-institution of full U.S. sanctions on the country November 5 These sanctions specifically target 50 … Continue reading “U.S. Sanctions: Iran Ready to Launch National Cryptocurrency”

The Government of Iran Approves Bitcoin Mining

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The Iran government will permit Bitcoin mining in the country. President Hassan Rouhani just made that announcement. The decision was made as the national currency falls on U.S. sanctions, which has only increased demand for foreign currency. Bitcoin and digital currencies are now more preferred since they are borderless and not affected by sanctions. According to … Continue reading “The Government of Iran Approves Bitcoin Mining”

Currency Crisis are Driving Nations to Cryptocurrency

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Fears of currency crisis contagion are spreading fast. Venezuela, Turkey, Iran and Zimbabwe are all facing economic crises.  Inflation has been crippling.  As a result, many are turning to cryptocurrencies for value, and as a means of exchange.  It’s only increasing the likelihood of further global adoption. Venezuela Currency Crises Venezuela, for example, has been … Continue reading “Currency Crisis are Driving Nations to Cryptocurrency”