Iran are in discussions with eight countries to use cryptocurrency transactions


  • Iran in the talks with the likes of; Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia.
  • The country are set to unveil their own digital currency, to bypass Western sanctions.

 

Iran is are currently negotiating with eight countries in order to carry out financial transactions in digital currencies, according to local press, Tehran Times. This coinciding with our coverage in the prior article within the country being set to unveil their own cryptocurrency.

Further within the reports, they suggest that Iran has entered negotiations with; Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia. Detailing that these countries have visited Iran to discuss the details of the matter.

The report also noted that the talks on crypto transactions were held order to circumvent the ongoing United States sanctions against the country, which is in line with the main stated intentions of an Iranian digital currency coin.

 

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