Iranian sanctions on cryptocurrencies and revalidate!

After the Internet, cryptocurrencies is the start of another technology revolution that has been moving towards development for the past ten years. The developed countries of the world started the process of trading with cryptocurrencies. In addition, the central banks of these countries started using cryptococarons as a means of their transactions. But there are many countries in the world where crypocarcation has not yet started, some countries have declared it illegal in their country. Bitcoin and other cryptorcans have not been validated in Bangladesh so far. Iran was also added to the list in April. But in Iran, a big initiative on cryptocurrency was started earlier.

Iran is again heading towards the cryptococessor.

The restrictions on the banks of Iran that started working with the cryptococarbon. Money Laundering was the biggest reason behind this. Money Laundering is a process by which money earned from illegal means such as drug trafficking, terrorist activities, or other criminal acts - etc, is brought under the law and kept on being valid.

Iran's state currency is Iranian Real. Reality is not going well for many days. Since September 2011, the real value of the dollar is much lower than the US dollar. About 60 percent is reduced. Due to the weakening of the Iranian currency, many of them started buying dollars through black market, and after a while the rate of purchase was increased.

Iran is making crypto carbonation itself to start new technology revolution

Last year, in Iran's currency, a dollar was worth about 60 thousand Iranian reals. But since the Iranian government started taking some steps to protect their currency, its prices were lower than the dollar price. The currency exchange rate has now gone down to 42 thousand in less than now. That is, in the last one year Iranian real price has dropped by 30 percent. The statistics were last April.

Iran's central bank strictly controls the whole of Iran's central bank. So because of the weakening of the currency situation, now they have examined whether any kind of illegal work was done in those places where they were stamped with the help of police, and yet they took necessary steps to eradicate them. The restriction on cryptoconference was applied to banks and other businesses.

The Iranian government has realized that due to the decline in Iranian prices, against the dollar, it may be possible to deal with illegal transactions through a virtual currency. And since there is no government control on the monetary system like Bitcoin and no transaction can be brought to the central bank, so the government will announce a transaction that can not be done with cryptocarbon from Iran.

Ethiopia once again declared the crypto illegal; Image Source: Finance Magnates
Iranian President also did not make any comment on cryptococoncy. President Hassan Rowhani, who was elected in 2017, promised that during his time, he would specially focus on the job market and try to ensure that sufficient employment opportunities are made in Iran. Also, the economic aspect of Iran's economy will also give him priority. But there is no development target in both directions. This led to a movement against the current government in the beginning of this year in Iran. The protests are all around Iran. In the report, the report said that when the government of Iran repelled the protest, hundreds of people were injured and about 25 were killed.

So far, the Iranian government has not made any rules regarding Bitcoin and other cryptococarons. In this situation, their position was floating. But Iran expresses their views by completely sanctions on cryptocancies. Although cryptomedia, which promotes financial transactions such as Bitcoin, reports that Bitcoin's future is very bright in Iran. Because if the amount of trade in Iran from different countries is through cryptoconference, then the big bourgeoisie of international Bitcoin or other digital currency will be able to overcome the problem of exchange of Iranian foreign currency exchange through transactions.

Iran is purchasing million dollar

But after a major trade threat from the United States a few days ago, Iran tended towards the cryptocurrency. Iran and Russia - both countries are pushing for the use of crypto by reducing the dependence on the US dollar. Because the United States from Iran has to go through various restrictions and strains at different times. In such a situation, the use of digital currency for international transactions may be prohibited by the US moolah, but Iran's internal economy may still exist.

So Iran is also keen on the cryptocurrency. Iran has already taken this issue. They do not want to rely on the oil export in dollars. The announcement that the oil will be exported through cryptocurrency is from Iran. Note that many hotels in their country are being booked by cryptos.

Iran can reach ordinary people to crypto

But the Central Bank of Iran is still holding some issues under the pre-emptive sanctions. They are starting to use cryptococcerns and they have already started working on how to use cryptocurrency at national level. The basic principle of using Iran's cryptocurrency is that they are not legalizing the use of these digital coins right now. Since crypto has different doctrines, therefore, crypto will be used only for direct transactions between banks. This transaction will be entirely under the supervision of the central bank.

After using this, when some experience will be gained gradually using the use of digital coins, then how will this currency be used by the common people? It is hoped that the new additions to the world of transactions in Iran will get quite popular. There have been announcements from Iran that they are creating their own cryptocurrency. What would be the future of the cryptococcernes will tell in Iran.