this is what makes the bitcoin value back falling again, and I observe it as planned when bitcoin will end the correction, and when bitcoin will recover from instability, FUD suddenly comes to make the crypto market back down.
there is someone who can explain to me! why ?
Topic: Iran Next In Line With Its National Cryptocurrency - page 2. (Read 268 times)
If fiat money in their country is low and it can greatly affect the state finances, and with the solution of creating my own crypto money like that I think that's a very good idea for a country.
Very suspicious how all the countries with hyperinflation look to create a cryptocurrency... E.g. Venezuala, Greece and now Iran. This must be some way of sucking money from outside countries into their country like a cash injection. Most of these countries have sanctions on them by the US and EU which prevents the amount of money that can enter and leave the country, and the trade they can do with the rest of the world. This is probably just an attempt to briefly save their failing economies by tricking the rest of the world into investing.
This move might have some influence with its allies, specifically russia, since they are open to cryptocurrency, no doubt sooner or later its allies will also venture in it, and since the US think they can control everything, this time they might use a crypto currency that will be used in order to transact oil rather than using petrodollar, and since their country had been at war for sometime, they might see the use of cryptocurrency differently than those at west, who use cryptocurrency more of an asset than as a currency, hopefully there maybe peace in the middle east once they all have their own cryptocurrency, instead of using the petrodollar.
You are right. It's the best use of cryptocurrencies for the countries that have trouble in international transactions. Cryptocurrecnies can be useful for making transactions without permission of a third party. And there is a high probability that Iran will create a cryptocurrency for such purposes.
This move might have some influence with its allies, specifically russia, since they are open to cryptocurrency, no doubt sooner or later its allies will also venture in it, and since the US think they can control everything, this time they might use a crypto currency that will be used in order to transact oil rather than using petrodollar, and since their country had been at war for sometime, they might see the use of cryptocurrency differently than those at west, who use cryptocurrency more of an asset than as a currency, hopefully there maybe peace in the middle east once they all have their own cryptocurrency, instead of using the petrodollar.
wow, so i think pretty small countries are laying their cards on this game better than big countries.
]Digital currency fever: After central bank ban, Iran develops own national cryptocurrency
instead of constantly making poorly researched articles on your website you need to do some quick search at least on the internet to see what is happening then
the ban happened last week or maybe 10 days ago but the plan for creating a new centralized cryptocurrency was in motion a couple of months back. the banks even made an official announcement and invitation for everyone who can to join them in making the currency.
We do not know their actual intention of what they are going to do with their national currency and how are they going to stabilise their currency as well.The main reason for adopting their own cryptocurrency would be to improve the transparency and also avoid money deficit so that the whole process can be decentralised and also imcrease the no of transactions as well.
National cryptocurrency? What is that?
As, they worry about money laundering, so most probably, they want to create something which they can control transactions. Before trying to create that, they should know that they are not create a cryptocurrency. A cryptocurrency must be decentralized.
As, they worry about money laundering, so most probably, they want to create something which they can control transactions. Before trying to create that, they should know that they are not create a cryptocurrency. A cryptocurrency must be decentralized.
Digital currency fever: After central bank ban, Iran develops own national cryptocurrency
It has been only last week that the central bank of Iran prohibited local banks and credit institutions from dealing in cryptocurrencies like bitcoin in the wake of rising concerns regarding money laundering. The country is going through a currency crisis as Rial dropped down to its lowest ahead of the possible return of sanctions from the US.
Continue reading: https://coingape.com/iran-next-with-national-cryptocurrency/
It has been only last week that the central bank of Iran prohibited local banks and credit institutions from dealing in cryptocurrencies like bitcoin in the wake of rising concerns regarding money laundering. The country is going through a currency crisis as Rial dropped down to its lowest ahead of the possible return of sanctions from the US.
Continue reading: https://coingape.com/iran-next-with-national-cryptocurrency/
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