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The whole situation about Iranian cryptocurrency is very exciting as it sets the new level of adoption of the cryptocurrency in general. This is not the first case when a country issues digital currency, but it seems that Venezuelan Petro failed and PayMan can become the first one to succeed. Donald Trump imposed sanctions on Iran and SWIFT removed all Iranian banks from its system, so the usual banking transactions became impossible. In the middle of 2018, when the situation was still in development, the first steps of switching to the trade in crypto had been already made - Iran negotiated such possibilities with Russia - yet another country under sanctions. By that time, Russia had already prepared MIR cards based on NSPK ... Read more about " Is Iran a Russian proving ground for testing national cryptocurrency idea? " on coinatory.com

After a year of speculation and news about various improvements, Iran has finally introduced Payman digital currency. State-supported cryptocurrency will be used to circumvent sanctions from the United States. Currently, the country"s financial system is isolated from SWIFT, which makes import and export almost impossible. The launch of the state cryptocurrency was announced on January 29 during the annual conference on electronic banking and payment systems in Tehran. The theme of the conference this year was the “Blockchain revolution”. Iran quickly discovered the power of the blockchain and digital currencies, after losing contact with SWIFT and became subject to US sanctions, which led to this bold economic step. The dir ... Read more about " Central Bank of Iran introduced Payman cryptocurrency " on coinatory.com