3 / 3 Relevant items tagged with #Iran

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Iran Seeks BRICS Membership to Counter Western Hegemony, Promote Multipolar World, Says President Raisi

[May 4, 2023 7:30 PM] Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to help create a multipolar world. “Iran wants to have constructive relations with all states on the basis of common…

Iran Sets Up Platform to Facilitate Crypto Payments for Imports

[May 3, 2023 5:30 AM] Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of…

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China

[Apr 30, 2023 8:00 PM] BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called…

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

[Apr 25, 2023 8:00 AM] Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement…

US Treasury Secretary Janet Yellen Acknowledges Sanctions Weaponization Could Hurt Dollar Hegemony

[Apr 17, 2023 4:00 AM] U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions…

China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies

[Apr 17, 2023 2:00 AM] The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the…

Iran Top Security Official Believes Recent De-Dollarization Efforts Will Doom ‘Illegal Western Sanctions’ to Failure

[Apr 12, 2023 2:00 AM] Ali Shamkhani, secretary of the National Security Council of Iran, has stated that the recent bilateral cooperation efforts between his country and Russia are contributing to rendering U.S.-established sanctions useless at a global level. The…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

[Apr 8, 2023 11:30 AM] China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September…

Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates

[Mar 29, 2023 12:00 PM] Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to…

Iran’s Crypto Rial Project Enters Trial Phase

[Mar 10, 2023 3:30 AM] The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s…

North Macedonia Says Bomb Threats Come From Russia, Crypto Used to Hide Origin

[Mar 7, 2023 8:30 PM] The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with…

Iran completes pre-pilot phase of central bank digital currency

[Mar 6, 2023 4:30 AM] The Central Bank of Iran progresses with CBDC development in anticipation of a visit by the Bank of Russia’s governor Elvira Nabiullina.

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit

[Jan 26, 2023 5:30 PM] Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest…

After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

[Jan 24, 2023 7:00 AM] With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update…

Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23

[Jan 23, 2023 5:29 AM] Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

[Jan 18, 2023 12:30 AM] Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker…

Iran and Russia want to issue new stablecoin backed by gold

[Jan 16, 2023 5:11 AM] The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial.

Iran court orders the release of seized crypto mining equipment

[Jan 4, 2023 1:43 AM] Judicial rulings require Iranian authorities to release a part of the 150,000 crypto mining equipment previously seized due to energy concerns.

Iran Returns Seized Crypto Mining Equipment to Miners

[Jan 3, 2023 4:30 PM] A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed…

Proactive sanctions can help spare the ecosystem: Chainalysis exec

[Dec 7, 2022 7:53 AM] Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

[Nov 30, 2022 2:30 PM] During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for…

Kraken settles with US Treasury's OFAC for violating US sanctions

[Nov 28, 2022 1:13 PM] The U.S.-based crypto exchange agreed to pay more than $362,000 as part of a deal “to settle its potential civil liability” related to violating sanctions against Iran.