Tuesday, January 19, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Regulation

Iranian Military General Proposes Using Crypto to Avoid Economic Sanctions

February 27, 2020
in Regulation
2 min read
Iranian Military General Proposes Using Crypto to Avoid Economic Sanctions
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

/latest/2020/02/iranian-military-general-proposes-using-crypto-to-avoid-economic-sanctions/

Iranian Military General Proposes Using Crypto to Avoid Economic Sanctions

iranian-military-general-proposes-using-crypto-to-avoid-economic-sanctions

  • Iranian military general Saeed Muhammed reportedly advocated the use of crypto to circumvent economic sanctions.
  • Muhammed argued for the creation of more “sophisticated” methods for international exchange using crypto.

An Iranian general has reportedly advocated the use of cryptocurrency as a way to avoid economic sanctions. 

According to a report by Farsi outlet Coinit, Saeed Muhammed, commander of the Islamic Revolutionary Guard Corps, a branch of the Iranian Armed Forces, gave a speech on Wednesday where he proposed the country using crypto-assets as a way to circumvent economic sanctions. 

He said, 


We are demanding the creation of a more sophisticated mechanism (a commodities exchange) to bypass sanctions. To circumvent sanctions, we must develop solutions such as the exchange of products and the use of cryptocurrencies with our partnerships [in other countries].

Muhammed advocated crypto as a method for Iran to bolster its international investment in the face of heavy economic sanctions imposed by the U.S. and its allies. The Financial Action task Force (FATF), a global financial watchdog, has also added Iran to its blacklist over failure to comply with anti-terrorism financing regulations. 

Despite the imposed regulation, Iran has become an active participant in the adoption of cryptocurrency. The government has been working with blockchain startups to bolster its financial infrastructure and its reported the central bank has provided funding for a related project. 

Featured Image Credit: Photo via Pixabay.com

You might also like

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

Former U.S. Presidential Candidate Steve Forbes on Bitcoin

Credit: Source link

Previous Post

Shark Tank Investor Robert Herjavec Calls Bitcoin the Future

Next Post

Binance Peer-to-Peer (P2P) Trading Now Available on the Web

Related Posts

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021
Regulation

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

January 19, 2021
Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests
Regulation

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021
Former U.S. Presidential Candidate Steve Forbes on Bitcoin
Regulation

Former U.S. Presidential Candidate Steve Forbes on Bitcoin

January 18, 2021
Bitcoin ‘Is Here To Stay’, Says Former U.S. Treasury Secretary Larry Summers
Regulation

Bitcoin ‘Is Here To Stay’, Says Former U.S. Treasury Secretary Larry Summers

January 18, 2021
Miami Mayor Considering Investing Some of the City’s Treasury Reserves in Bitcoin
Regulation

Miami Mayor Considering Investing Some of the City’s Treasury Reserves in Bitcoin

January 17, 2021
Next Post
Binance Peer-to-Peer (P2P) Trading Now Available on the Web

Binance Peer-to-Peer (P2P) Trading Now Available on the Web

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Stellar Lumens (XLM) Denelle Dixon on Stable Act and Sgfintech fest

Stellar Lumens (XLM) Denelle Dixon on Stable Act and Sgfintech fest

December 8, 2020
Cratering Yields Sends DeFi Niche into Death Spiral

Cratering Yields Sends DeFi Niche into Death Spiral

October 8, 2020

Don't miss it

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021
Regulation

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

January 19, 2021
Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests
Regulation

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021
Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?
Bitcoin

Bitcoin Funding Rates Soar as Consolidation Persists; Long-Squeeze Imminent?

January 18, 2021
Institutional Investment May Be Behind Boom in Bitcoin Whale Wallets
Analysis

Institutional Investment May Be Behind Boom in Bitcoin Whale Wallets

January 18, 2021
The Three Factors That Could Topple The Recent Bitcoin Rally
Bitcoin

The Three Factors That Could Topple The Recent Bitcoin Rally

January 18, 2021
Aave Cryptocurrency Interest Income with Liquidity Protocol
Crypto News

Aave Cryptocurrency Interest Income with Liquidity Protocol

January 18, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

January 19, 2021
Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$36,624.001.99%
  • ethereumEthereum(ETH)$1,319.887.59%
  • tetherTether(USDT)$1.00-0.12%
  • rippleXRP(XRP)$0.2873933.56%
  • cardanoCardano(ADA)$0.365232-6.19%
  • litecoinLitecoin(LTC)$155.768.69%
  • bitcoin-cashBitcoin Cash(BCH)$515.806.40%
  • stellarStellar(XLM)$0.301971-1.04%
  • moneroMonero(XMR)$155.53-1.17%
  • eosEOS(EOS)$2.822.06%
  • tronTRON(TRX)$0.0314053.43%
  • nemNEM(XEM)$0.2425647.02%
  • neoNEO(NEO)$27.5416.04%
  • iotaIOTA(MIOTA)$0.4636566.59%
  • dashDash(DASH)$128.343.59%
  • ethereum-classicEthereum Classic(ETC)$7.952.91%