EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure….
Read More »Iranian Authorities Eye Bitcoin (BTC) for Payment of Imports
The Iranian government has made it compulsory for bitcoin (BTC) miners in the country to sell their coins to the state, so authorities can use the digital currency to pay…
Read More »Crypto P2P adoption in Middle East stymied by politics and tech
Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon.
Read More »Iran will Buy Foreign Cars Using Locally Mined Cryptocurrency
Due to the hyperinflation of the local currency, Iran is planning to use locally mined cryptocurrency for car import.
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