Iran in a multilateral talks for international payments in cryptocurrency

29 Jan 2019

According to the local news outlets, Iran is involved in a multilateral talks regarding the future payment system that would support cryptocurrency. Iran is negotiating with the representatives from eight countries (Switzerland, South Africa, France, United Kingdom, Russia, Austria, Germany and Bosnia, in Tehran late in January. By the reports Iran is discussing the way for payments in cryptocurrency in order to circumvent the international sanctions imposed to Iran by the United States.

Back in April 2018, Iran has announced its plans for creation of national cryptocurrency, having on mind recent amendment of financial regulation around the crypto-assets, official Tehran might be closer to launching central bank-backed cryptocurrency.

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