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Iran will launch its cryptocurrency to minimize US sanctions. | news



Iran read submit your cryptocurrency Official at the 8th Annual Conference on Electronic Banking and Payment Systems, to be held on January 29 and 30 at Tehranthe capital of this country.

currency the virtual system, which will be supported by the state, will become a tool to counter sanctions it imposes United States (USA) to the nation.

Details of the new cryptocurrency of Iran it was later announced that in August 2018 the administration Donald trump resumed sanctions against an Asian country.

The first stage of virtual currency will allow payments between Iranian banks.

and other institutions. | Photo: EFE

November 2018 commercial locks intensified when several financial organizations, including Iranian banks, were disconnected from the international SWIFT system, so the government decided to launch a new virtual currency

Expected that cryptocurrency phased expansion: the first is in the form of a digital ticket to facilitate payments between Iranian banks and other institutions; while the second stage will be to facilitate payment for goods and services.

Iran, Russia and Venezuela are currently countries that have decided to create virtual currency which allows him to make commercial transactions with other countries of the world after the constants sanctions comes from USA,

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