Local Media: Iran Reportedly In Talks With 8 Countries To Use Crypto Transactions (cointelegraph.com)
Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28.
According to the article, Iran has already entered negotiations with Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia, and the countries have reportedly visited Iran to discuss the matter.
The article notes that the talks on crypto transactions were held order to circumvent the ongoing United States sanctions against the country, which matches with the main stated goal of Iranian coin.
The U.S. administration has warned about severe penalties for companies that evade the imposed sanctions: in a recent example, Huawei’s top executive was arrested in Canada at the request of U.S. prosecutors that had charged her with violating sanctions.
Original post reduced by: 51%
Read the full story here.
Related story: Crypto Payment Firm: ‘Volume Of Transactions In Africa Has Risen 130 Percent In 2018’ (cointelegraph.com)
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