Latest News for: Iran crypto


Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

Bitcoin 27 Jan 2023
News that Tehran and Moscow are discussing the possible launch of a digital currency backed by gold came out earlier in January when the head of the Russian crypto industry association told the business daily Vedomosti that Iran’s central bank is mulling over developing one with Russian participation.

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

Bitcoin Magazine 24 Jan 2023
With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want ... Earlier this month, reports surfaced that the Central Bank of Iran is working with the Russian Association Of The Crypto Industry And Blockchain to create a stablecoin that will be backed by gold to settle trade.

The Crypto Industry’s Favorite Bank Is in Deep Trouble

New York Magazine 24 Jan 2023
A key reason is that most banks have refused to deal with crypto ... In recent years, La Jolla–based Silvergate went all in on crypto, forging relationships with more than 1,600 players in the industry, from hedge funds to exchanges to token projects ... authorities for moving money for places like Iran and Syria.

National Australia Bank to Launch Stablecoin on Ethereum, Algorand: Report

CryptoPotato 19 Jan 2023
Last year, Australia and New Zealand Banking Group (ANZ) minted a stablecoin pegged to the Australian fiat in collaboration with crypto custodian Fireblocks. This week, Russia and Iran were reportedly engaged in talks over launching a new cryptocurrency backed by gold.

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Bitcoin 18 Jan 2023
Iran’s central bank is considering the possibility of creating, with Russia’s participation, a digital token to facilitate trade in the Persian region, according to a report quoting the head of the crypto industry organization in the Russian Federation ... Russia and Iran, both under ...

Bitcoin rises to highest in four months

Financial Express 18 Jan 2023
Follow Us ... 13. It was last flat at $21,174 ... Iran and Russia to issue a new stablecoin. Bitcoin and other crypto coins soared during the COVID-19 pandemic as central banks and governments unleashed massive fiscal and monetary stimulus packages ... .

Report: Russia, Iran mull launching joint cryptocurrency

Press TV 17 Jan 2023
Russia and Iran are exploring the development of a joint stablecoin that would be backed by gold, two Russian officials have been quoted as saying ... Iran is working to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade, it said ... Iran registers first import order with crypto payment method.

Russia Partners With Iran to Release a Stablecoin Backed by Gold (Report)

CryptoPotato 17 Jan 2023
According to a�report by the Russian media outlet Vedomosti, the local authorities could collaborate with Iran’s central bank to launch a new crypto asset called “the token of the Persian Gulf region.” ... Iran and Russia Share Similar Views on Crypto.

Stablecoin Backed By Gold To Be Reportedly Launched By Russia And Iran

Bitcoinist 17 Jan 2023
To better enable international transactions, the governments of Russia and Iran are reportedly considering working together to develop a new stablecoin ... Similarly unfavorable is the Central Bank of the Islamic Republic of Iran, which banned all domestic banks and financial institutions from engaging in crypto-related activities in 2018.

Russia's gold-backed cryptocurrency could establish 'new economic order': Zerodha's Nikhil Kamath

Live Mint 17 Jan 2023
At the same time, Iran and Russia have been actively working to adopt crypto as a tool of foreign trade.In August 2022, Iran’s Industry, Mines, and Trade Ministry approved the use of cryptocurrency for imports into the country.Subsequently, the country placed its first international import order using $10 million worth of crypto.

Russia and Iran are working on a gold-backed cryptocurrency to take on the dominant dollar, ...

Business Insider 17 Jan 2023
Russian President Vladimir Putin on a July 2022 visit to Iran. ATTA KENARE/Getty Images Russia and Iran are working together to launch a cryptocurrency backed by gold, Vedmosti reported. The stablecoin could replace the US dollar for payments if Russia legalizes crypto in crossborder trade.

Bank of England questions on the digital pound

Financial Express 17 Jan 2023
Iran and Russia to issue a new stablecoin ... Binance expected to permit crypto storage through cold custody solutions. It is to be further noted that Russia and Iran are investigating the possibility of developing a new stablecoin that is backed by gold. Iran and Russia are working ...

Alameda liquidators lose $11.5M due to liquidations

Financial Express 17 Jan 2023
According to Arkham, the liquidators could have kept about $15 million if they had ended their position by selling off collateral. Follow Us ... Iran and Russia to issue a new stablecoin. Binance expected to permit crypto storage through cold custody solutions. Crypto-based Nexo presses charges against Cayman Islands Monetary Authority ... .

Iran and Russia Jointly Working on Gold-Backed Stablecoin

Coinspeaker 16 Jan 2023
The executive director of the Russian Association of Crypto Industry and Blockchain, recently said that the Central Bank of Iran is considering the creation of such a stablecoin with its Russian counterpart.Gold-backed Stablecoin ... Regulations in Russia and Iran.

We Could Soon Have a Gold Backed Stablecoin, Courtesy Russia and Iran

Coinnounce 16 Jan 2023
Recently, the Russian Association for Crypto Industry and Blockchain executive director stated (1) that the Central Bank of Iran is mulling over the possibility of creating such a stablecoin alongside its equivalent in Russia ... Status of Regulations for Crypto Currencies in Russia and Iran.

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