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Iran Sets Up Platform to Facilitate Crypto Payments for Imports


Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country. A dedicated platform has been established to allow local businesses to transfer cryptocurrency for the purpose of cross-border settlements. Iran to Use Cryptocurrencies...

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China


BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade....

Iran’s Crypto Rial Project Enters Trial Phase


The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares...

Russian Government Says It Won’t Rush into Crypto-powered Trade with Iran


The Russian government has said it is exploring the notion of using crypto in trade deals with Iran – but will not be hurried into action. Per RIA Novosti, Moscow wants to put a “clear regulatory framework” into place before allowing Russian firms to do business with Tehran in crypto.... Read...

Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit


Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest in such an initiative. Iran and Russia Talk...

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil


Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using...

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