Iran commander .... crypto is solution to bypass sanctions
Saeed Muhammad, commander of Khatam-al Anbiya Construction – a branch of the Iranian Armed Forces – has suggested Iran use cryptocurrencies to circumvent sanctions.
According to a report, Saeed Muhammad began a speech by stating that “today we are in the economic war”.
He went on to say that Iran was “demanding a more sophisticated mechanism to circumvent sanctions” that have been imposed on the nation by the United States.
“We are calling for the activation of the use of cryptocurrencies, and we want bilateral or multilateral monetary agreements,” he added.
Coin Rivet has reported extensively on Iran’s imaginative solutions to bypass sanctions through the use of cryptocurrencies, revealing how Iranian banks floated the idea of launching their own cryptocurrency.
Iran having control of a native cryptocurrency would allow it to bypass certain measures imposed by the US, including a ban on buying US Dollars.
According to a report, Saeed Muhammad began a speech by stating that “today we are in the economic war”.
He went on to say that Iran was “demanding a more sophisticated mechanism to circumvent sanctions” that have been imposed on the nation by the United States.
“We are calling for the activation of the use of cryptocurrencies, and we want bilateral or multilateral monetary agreements,” he added.
Coin Rivet has reported extensively on Iran’s imaginative solutions to bypass sanctions through the use of cryptocurrencies, revealing how Iranian banks floated the idea of launching their own cryptocurrency.
Iran having control of a native cryptocurrency would allow it to bypass certain measures imposed by the US, including a ban on buying US Dollars.