EghtesadOnline: Iran's in-the-works national cryptocurrency, which is expected to be unveiled soon, will in its first operational phase solely focus on clearing limited bank transactions, a top advisor to the minister of information and communications technology.
EghtesadOnline: Iran and Russia could consider using local or digital currencies to cushion any impact on bilateral trade from fresh US sanctions that ban dollar-denominated transactions with Iranians, a lawmaker said.
EghtesadOnline: The rise of cryptocurrency mining has created a weird global shortage of graphics processing units. The tsunami in demand has reached Iran with GPU prices jumping 100% over the past month.
EghtesadOnline: A senior member at Iran's biggest bank has come out in favor of cryptocurrencies and called for them to be recognized and widely accepted in the banking system.
EghtesadOnline: The Central Bank of Iran will announce its official policy on cryptocurrencies within the next few months, the monetary regulator’s deputy for international affairs said.
EghtesadOnline: Virtual currencies are slowly but steadily gaining traction across the world, as many are lured by their decentralized and somewhat exotic qualities once they get past the initial opaqueness.