Tagged: iran

Iran’s New National Cryptocurrency Being Tested Now by Commercial Banks

The CEO of Informatics Services Corporation (ISC), a private Fintech company in Iran, says the country’s Central Bank has given his company permission to start trailing the cryptocurrency it designed for the Iranian state, Ibena reports. Seyyed Abotaleb Najafi, the London-trained CEO of ISC, reportedly emphasized… Read More

Malta Bank Accused of Money Laundering by Murdered Journalist Loses License

Pilates, a private bank accused by murdered journalist Daphne Carauna Galizia of laundering money for Maltese politicians and foreign interests, has lost its license, Financial Times reports. The license was withdrawn last Friday by the European Central Bank (ECB), several months after Pilatus’ founder and ex-chairman Seyed… Read More

As US Withdraws from Nuclear Deal, FinCEN Warns of Possible Increase in Iran’s “Illicit” Use of Finance Networks, Including Crypto

The American Financial Crimes Enforcement Network (FinCEN) has issued an advisory warning that Iranian state actors may escalate their attempts to move money in and out of the country through “illicit” channels (including cryptocurrencies) once the US completes its withdrawal from the Joint Comprehensive Plan of Action… Read More

Mario Draghi: Euro Cryptocurrency Not a “Concrete Option” for in Near Term, Cash “Remains Popular”

Costs presently outweigh benefits, and so the European Central Bank (ECB), “has no plans to issue a central bank digital currency,” at this time, though it is investigating the matter, says ECB president, Mario Draghi. Draghi made the comments in a September 12th letter responding… Read More

Ready to Mine Digital Money: Iran Approves Crypto Mining

According to IBENA, a news agency in banking and economy area, which is affiliated with the Central Bank of Iran, the country has “[accepted] cryptocurrency mining as [an] industry.” Spokesperson Abolhassan Firouzabadi said the Iranian National Cyberspace Center will be leading the crypto initiative with the Central Bank, which… Read More

Iran Again Announces Plans for State Cryptocurrency, Still No Sign

An Iranian politician has once again taken to state-owned media to promise the release of a government cryptocurrency to help Iran sidestep sanctions and participate freely in the global economy, Press TV reports via ISNA. The latest comments were made by the Deputy for Management and… Read More

New Accenture CyberSecurity Report Predicts Escalation of Iranian Malware Attacks

The latest cybersecurity report from Accenture says that, “nation-state-sponsored cyberattacks (emanating from Iran have) grown, and this is likely to continue.” The report also claims that Iranian hackers are becoming more adept at cyberattacks involving cryptocurrencies, including mining malware attacks (where hackers create “botnets” of… Read More

Rial’s Sharp Drop Over Weekend Boosts Demand for Bitcoin in Iran

The rial traded at historic lows this weekend in Iranian black markets as financial problems made worse by US sanctions continue to take a toll on the country. According to the Arab Times, Iran’s national currency traded at 116 000-to one US dollar Saturday before… Read More

Report Indicates US is Confiscating Bitcoin Held by Iranians

  A report in Ibena from last week indicates that the US government is confiscating Bitcoins held by Iranians and the confiscation is ongoing. According to Sepehr Mohammadi from the Iranian Blockchain Community, the US has seized 500 bitcoins or more. In May of this year,… Read More

Iranians Take to Streets as Currency Plunges

The streets of Tehran filled with protestors yesterday as citizens vented frustration about declining economic conditions and the steady devaluation of the country’s currency, the rial. A composite of videos from social media posted by Radio Free Europe shows mainly male protesters standing behind burning… Read More

Iran State Cryptocurrency “Ready”

The Iranian minister responsible for information and communications technology, Mohammad Javad Azari-Jahromi, has announced that a cryptocurrency it developed with the ministry’s Post Bank is “ready,” Reuters reports. Iranian State news agency IRNA has reported that the state’s cryptocurrency will be exempted from a ban… Read More

Iran Bans Cryptocurrency to Stave off Currency Crisis

Attempts by Iranian citizens to trade their rapidly deflating rials for US dollars or cryptocurrencies like Bitcoin are being vigorously scuttled by Iranian authorities. The latest ban on cryptocurrencies, reported by the state news agency IRNA, follows the imposition of standardized exchange rates across the… Read More

Telegram Files New Form D with SEC Indicating $1.7 Billion will be Raised

Telegram or TON Issuer, has filed a new Form D with the Securities and Exchange Commission that indicates $1.7 will be (or has been) raised for one of the hottest initial coin offerings ever. According to the Reg D 506c offering document; “This $850,000,000 offering… Read More

Central Bank of Iran Set to Launch Regulatory Fintech Body

Central Bank of Iran (also known as CBI) announced earlier this week that it is planning to launch its very own fintech regulatory body. According to the director of CBI’s Office for Innovative Technologies, Ali Kermanshah, the organization has been working on fintech regulations since 2012,… Read More

Code.Org’s Hadi Partovi Talks Crowdfunding & Education With Indiegogo

Earlier this month, non-profit organization Code.org launched a crowdfunding campaign on Indiegogo to raise $5,000,000 for its new program called, An Hour of Code for Every Student. This will give 100 million students throughout the world an opportunity to have one hour per day of… Read More

Sanctions Against Iran Force Indiegogo To Halt Campaign For British Columbia Woman

A woman from Vancouver, British Columbia recently took to Indiegogo to raise funds for a trip to Iran. Alaleh Sahabi was able to reconnect with her mother through Facebook and wanted to fly back to Iran to see her for the first time in over 20… Read More

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