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Iran to launch state-backed crypto to sidestep US sanctions

Posted by seumasach on July 28, 2018

Asia Times

27th July, 2018

As US sanctions loom, Iran is reportedly planning to launch its own crypto-currency, according to a 25 July story from the nation’s official news channel Press TV. The report claims Tehran is preparing to develop its own digital currency to circumnavigate impending sanctions from American President Donald Trump’s administration that, says the Islamic Republic, aim to cripple the country.

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