Category: Iran

Iran’s central bank says officially mined crypto can be used to pay for imports

April 27, 2021

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A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics. 9412 Total views 72 Total shares Iran is continuing to explore the potential use of cryptocurrency as a tool for mitigating the devastating impact of economic […]

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Another crypto firm hit with fines for violating U.S. sanctions

February 18, 2021

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BitPay apparently screened merchants but not customers. 2312 Total views 10 Total shares BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.  In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital […]

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ConsenSys Grants Help Iranian Women Learn Solidity

February 13, 2021

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The Ethereum incubator’s instructional program offers scholarships to help developers get started with coding in Solidity. (Shutterstock) Feb 13, 2021 at 1:00 p.m. UTCUpdated Feb 13, 2021 at 3:21 p.m. UTC ConsenSys Grants Help Iranian Women Learn Solidity Seven female coders from Iran got scholarships and graduated from a bootcamp of ConsenSys Academy, Ethereum startup […]

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Law Decoded: All vs. One and One vs. All, Jan. 22-29

January 29, 2021

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Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note “It was the best of times, it was the worst of times,” begins the most famous English-language story of the French Revolution. Though many would disagree with me, I would argue that neither is […]

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The World Is Never Getting Off Government Stimulus

October 31, 2020

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Oct 31, 2020 at 13:00 UTC (elenabs/iStock via Getty Images Plus) The World Is Never Getting Off Government Stimulus The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with […]

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Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency

October 29, 2020

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Oct 29, 2020 at 13:52 UTCUpdated Oct 29, 2020 at 14:57 UTC Tehran, Iran(vanchai tan/Shutterstock) Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue to flow. Citing an article from The Islamic Republic News Agency (IRNA), Iran Daily reported earlier this week the country’s cabinet has amended recent legislation on […]

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