2 / 3 Relevant items tagged with #Iran
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Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
[Jul 14, 2024 2:20 PM] Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS…
Iran Proposes to Link All BRICS Payment Systems
[Jul 9, 2024 2:20 PM] The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that…
Iran and Russia Sign Academic Cooperation Agreement to Dedollarize Economies
Iran Officially Unveils Central Bank Digital Currency Project
[Jun 24, 2024 8:40 PM] Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued…
SEC drops investigation into Ethereum: Law Decoded
[Jun 24, 2024 1:02 PM] A letter from Consensys states that the SEC’s approval of spot Ether exchange-traded funds indicated that it had “updated its position to classify ETH as a commodity and not a security,” but not everyone agrees.
Iran Launches Digital Rial Pilot on Kish Island
[Jun 20, 2024 10:07 PM] The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to…
Iran to launch public CBDC pilot in June
[Jun 19, 2024 4:57 AM] Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.
Russia and Iran Collaborating on Single BRICS Currency, Iranian Ambassador Says
[May 18, 2024 7:36 PM] Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nations’ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away…
US lawmakers warn of Iranian crypto miners threatening national security
[May 2, 2024 1:30 PM] According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations.
U.S. Senate's Warren Warns National Security Chiefs About Iranian Crypto Mining
[May 2, 2024 9:46 AM] U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from…
Economist Peter Schiff Declares ‘Bitcoin Fad is Over’ as Gold Prices Soar
[Apr 19, 2024 11:16 AM] After the overnight Israeli retaliatory strikes against Iran, gold prices have settled around $2,388 per ounce, having briefly touched the $2,400 mark right after the events. Over the last five days, gold has increased by 1.85%, while bitcoin has…
Bitcoin Back Above $62K as Crypto Market Calms After Reports of Limited Damage From Israeli Attack
[Apr 18, 2024 8:49 PM] Iran's first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.
Bitcoin To $455,000: Expert Echoes Previous Halving Pattern
[Apr 18, 2024 9:00 AM] In the ever-evolving world of cryptocurrency, Marcel Knobloch also known as Collin Brown, a crypto expert has offered an audacious prediction for Bitcoin, foreseeing a significant rally to unprecedented heights post-BTC Halving event scheduled to…
BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies
[Jan 30, 2024 10:30 PM] The first BRICS sherpa meeting with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. China, Russia, and Iran are all…
US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness
[Jan 22, 2024 5:30 PM] Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the…
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
[Oct 19, 2023 10:00 PM] Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said…
Iran Increases Efforts to Join BRICS, Strengthen Ties With Member Countries
[Jul 31, 2023 11:30 PM] Iran has ramped up its efforts to become a member of the BRICS group ahead of the economic bloc’s summit. The Iranian deputy foreign minister for economic diplomacy revealed that Iran is actively pursuing opportunities to strengthen its…
Iran Looking to Replace Dollar With Dinar in $10 Billion Trade With Iraq
[Jul 10, 2023 4:30 AM] Iran’s government considers employing the Iraqi dinar in bilateral trade with Iraq in a bid to further curtail the dominance of the U.S. dollar. The annual turnover between the two neighboring nations exceeds $10 billion with millions of pilgrims…
BRICS Gold-Backed Currency Will Benefit Iran, Weaken US Dollar, Iranian Official Says
[Jul 9, 2023 8:30 PM] An Iranian official has stated that Iran stands to benefit from a gold-backed common BRICS currency. The official further asserted that such a BRICS currency would erode the U.S. dollar’s dominance and result in increased wealth for Iranians…
Iran’s President Says De-Dollarization Key to a Fair International System
[Jul 5, 2023 9:30 PM] Iran’s President Ebrahim Raisi has pushed for de-dollarization, stating that any attempt to “shape a fair international system” requires the removal of the U.S. dollar. “What forms the basis of the Western domination system has been the dominance
Israel Seized $1.7M in Crypto From Iranian Military and Hezbollah With Chainalysis' Aid
[Jun 28, 2023 12:43 AM] Israel's government has seized $1.7 million in cryptocurrency from accounts linked to the Iranian military and the Iran-backed Hezbollah militant group in Lebanon.
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request
[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…
Iran and Russia Talk Crypto Cooperation, Unveil Tool Streamlining Trade in National Currencies
[Jun 12, 2023 2:30 AM] Experts and business representatives from Iran and Russia have discussed the potential uses of cryptocurrencies and blockchain. The two countries are also collaborating on implementing new financial instruments facilitating bilateral trade in their…
Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief
[Jun 3, 2023 5:30 PM] Iran and Russia have increased cooperation and settled more than 60% of their bilateral trade in the Russian ruble and the Iranian rial, according to the chairman of Iran-Russia Joint Chamber of Commerce. The two countries have ramped up their…
9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran
[May 24, 2023 10:00 PM] Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran…
EU Spokesperson: Russian Banks Will Not Be Reconnected to SWIFT Anytime Soon
[May 23, 2023 5:30 AM] The European Union (EU) has no intention of allowing Russian banks to be reconnected to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) banking system anytime soon. Peter Stano, spokesperson for external affairs of the EU…
Russia Involved in De-Dollarization Talks With the Islamic World to Create Independent Financial System
[May 21, 2023 3:30 AM] Russia and the Islamic world are currently discussing how to deepen the de-dollarization agenda to create a new financial system. According to statements from Russian Deputy Prime Minister Alexey Overchuk, these topics are inscribed in broader…
Russia and Iran Phasing Out US Dollar in Bilateral Trade Settlements
[May 19, 2023 1:30 AM] The governments of Russia and Iran are starting to phase out the usage of the U.S. dollar to conduct bilateral trade settlements. Russian Deputy Prime Minister Alexander Novak stated that 80% of Russia-Iran trade transactions are settled using…
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
[May 10, 2023 3:30 PM] Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount…