RATE Group | Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

17 Jul Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

Posted at 00:57h in Bitcoin News by

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Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The latest example comes from Iran that now wants to create a digital token backed by gold.

Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque

Central Bank of Iran Approves Gold Backed Token

On Saturday, July 13, Tehran-headquartered Mehr News Agency reported that the country’s first cryptocurrency issued under permission of the Central Bank of Iran (CBI) is set to be unveiled. This was according to an announcement by an official from the Iran Chamber of Commerce, Industries, Mines and Agriculture, a non-profit institution established to facilitate economic growth and development in the country.

The official,…

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