Iran Completes First Stage of Trials with its CBDC
The Central Bank of Iran is planning to issue its own token, which will be used to bypass Western financial sanctions.
The Central Bank of Iran is planning to issue its own token, which will be used to bypass Western financial sanctions.
The CBDC tests will begin today, September 22.
Iranian law enforcement authorities have identified and shut down a total of 6,914 illegal crypto mining farms since 2020.
Iranian authorities have increased the penalties for illegal mining of cryptocurrencies using subsidized electricity and introduced prison sentences for repeat offenders.
Iran’s Deputy Minister of Communications Reza Bagheri Asl has reported the Iranian government has abandoned the idea of legalizing cryptocurrencies in the country.
Iran’s Ministry of Industry and Trade (MIMT) has just announced cryptocurrency miners are allowed to resume their operaciones in the country.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
Altcoins Banks Bitcoin Blockchain blockchain security Central Bank chain China crypto Cryptocurrency Crypto exchanges Crypto mining crypto news Crypto regulations Decentralized Finance Digital Assets Elon Musk ETH Exchange-traded fund exploit Facebook Financial Collateral Fintech France Funding Hackers India Investment Iran Japan Metaverse NFTs North Korea Russia Sanctions smart contract security Solv Protocol South Korea Stablecoins Tesla Twitter UK Ukraine US yield vault