Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions.
The Iranian government said in April that it had developed an experimental domestic cryptocurrency. With the U.S. having since pulled out of the Iran nuclear deal and restored more sanctions—a ban on buying U.S. dollars comes into force next month, and crude oil sanctions will follow in November—there’s a newfound urgency in the air.
Iran’s state-sponsored Press TV reported Wednesday that the “plan to create an indigenous cryptocurrency” was moving forward, and the central bank was working with “domestic knowledge-based companies” to develop the digital currency.
fortune.com/2018/07/26/iran-sanctions-cryptocurrency/