Colleagues, Iran
has taken a major step toward the creation of a state-backed cryptocurrency. The primary goal of this effort is assumed to
be the country’s circumvention of new US economic sanctions in the wake of US President
Trump revoking support of the Iran
nuclear arms accord in May 2018. Work on a national cryptocurrency dates back
to late 2017 when the US President re-affirmed his campaign promise to revoke
the accord and re-impose stiff trade sanctions. This initiative has the backing
of Iranian President Hassan Rouhani and is led
by their National
Cyberspace Center. Back in January 2018 the US
Treasury issued a severe warning against
Iran’s use of cyber warfare and development of a cryptocurrency for this very
reason. Bottom line: Iran, Russia and Venezuela has announced plans to develop
digital currencies for the purpose of evading Western (aka US) trade sanctions.
Transaction “transparency” is a vital factors in whether their efforts will be
successful at essential protecting nefarious money
laundering activities. We assume the
currencies which be intentionally designed to avoid detection by the US and its
allies. Details to follow in the coming months.
Share your thoughts today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
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