Iran's control policy on digital currency

1. Commonly used are the United States MSB, Estonia, Canada MSB, Australia austrac, which belong to the second category of high cost performance, Bermuda license is not clear, sorry.

2. Go to the blacksmith and buy a pickaxe... There's a chance that there's a mine in the mine or on the mountain. Just put a pickaxe in your backpack and you can mine without equipment

3. Fire money, a blockchain digital currency, is illegal in China. There is no operating license.

4. Any sanction is a double-edged sword. If the United States sanctions China, China can also counter the United States. If the United States really sanctions China, it just does not allow us to trade oil with Iran in US dollars. We can trade goods with Iran. We can exchange our goods with Iran's oil, and we can trade oil with Iran in another currency, This may cause other countries to follow suit. This is the last thing the United States wants to see. It will crack the US dollar hegemony in disguise. If the US dollar hegemony goes bankrupt, the US economy will collapse. It depends on whether our country's leaders have such strategic wisdom
the impact on China is nothing more than that the oil price is a little higher, and our oil import will face a more unfavorable situation. China's procts are famous for their low price in the world. When the price of raw materials is high, we can also transfer our pressure to consumers. The low price goods used by foreigners will no longer be low, and we are not the only ones who suffer losses.

5. Under the influence of the new coronavirus, Iran, which mainly exports oil, was excluded from the international settlement by the U.S. dollar settlement restrictions, which made Iran's economy stagnate. Oil prices have fallen by more than 50% in the past two months. In order to cope with the economic crisis, Iran has to urgently send back more than 300 million euro cash from a German bank to solve the financial problem of Iranians without credit cards< br />

in addition, Iran has also taken other measures, such as officially taking RMB as one of its foreign exchange currencies, replacing the US dollar. Moreover, Iran will also cooperate with relevant enterprises of China under the RMB exchange rate and the implementation of Iran's digital currency, including increasing cooperation in non energy aspects such as technical services, urban planning and infrastructure, investment and tourism, which will not only crowd out the existence of US dollars in Iranian business, It will also increase the breadth and depth of RMB digital financial assets in the global economy, and also play an important role in the transformation of the international settlement system< br />

in addition, Iran has officially changed its official currency Yar into Turkmen, although the change of Iran's official currency has some negative effects. The change of official currency will cost US $160 million, but Iran can save us $11.5 million in money printing cost every year. Experts said that this move is undoubtedly effective for Iran's economy to leave oil revenue, and it is also a strong counterattack against a series of economic sanctions imposed by the United States< br />

and Iran will follow Venezuela's example to deal with the economic sanctions of the United States and implement crypto sovereign digital currency like petrocurrency. Iran, in the Ministry of instry, mining and trade, implements a calculation method for densified stopes. This not only increased Iran's exports of steel and copper, but also led to an increase in its agricultural and petrochemical procts. The increase of Iran's export of these resources has greatly made up for the loss of oil export and made a good transformation of Iran's hard currency resources. What's more surprising is that although the stock markets of many countries around the world are in a period of substantial adjustment, Iran's stock market has risen to an all-time high e to the effective monetary reform, with the main index rising to nearly 1 million points (Iran's tedpix index rising to 978019.48 points). Moreover, the difficulties faced by Iran's engineering and technology department in digital cryptocurrency have been further solved, Speed up Iran's circumvention of sanctions on its sale of oil and non crude procts to the United States. Although Iran did not disclose the details, it can be seen from the threat from the United States to step up sanctions against Iran and Venezuela that Iran has indeed made great achievements in bypassing the U.S. bank clearing system and avoiding U.S. economic sanctions.

6.

In the eyes of the Iranian government, the adverse growth of bitcoin is the most important point

it's not too much to describe bitcoin as an "indestructible little power". Under the background of various countries' attack, the current market value of bitcoin has reached an unprecedented US $102.14 billion, more than that of Goldman Sachs, an investment company, and its share price has also stubbornly exceeded US $6300. What does it mean to have a market value of more than 100 billion? Apple has worked hard for 31 years, Amazon has worked hard for 20 years, and bitcoin has only been used for less than 10 years. At the beginning of this year, the price of bitcoin was less than $1000, which means that in 10 months, bitcoin has increased by more than 550%

although bitcoin is not favored by regulators and financial giants, it is still a digital currency with great investment potential in the eyes of ordinary investors. Bitcoin is still able to rise against the market in the context of government regulation and the cold eye of financial institutions. Ordinary investors' enthusiasm for digital currency investment has reached an unprecedented height< Secondly, bitcoin has a good growing soil in Iran

in recent decades, the United States has adopted a series of economic sanctions against Iran, from banning trade and investment in Iran to imposing sanctions on Iran's energy sector, which are fatal. Among them, the financial sanctions against Iran by the United States can be described as a model of all sanctions. The United States takes advantage of the hegemony of the US dollar in the world, Iran is prohibited from providing services to its own banks and all foreign banks that use US dollars to trade. We should know that 70% of the world's trade is carried out in US dollars

in the repeated sanctions, Iran has found a life-saving straw bitcoin. If it deals with other countries to avoid the US dollar, it can perfectly resolve the US dollar sanctions through the virtual currency bitcoin. Therefore, btxcapital, the first real-time bitcoin exchange, was established in Iran two years ago. With more than 50 million Internet users in Iran, btxcapital has great potential to become the next major bitcoin market in the world in the next few years

7. Cryptocurrency: a tool to bypass sanctions

decentralization is one of the biggest advantages of cryptocurrency. Unlike traditional fiat money, cryptocurrency transactions cannot be blocked by any central authority
some countries have been sanctioned by the United States and some European countries. Some experts believe that some countries may bypass international sanctions by using decentralized cryptocurrencies. Russia and Iran are the two countries currently under severe sanctions, and they may soon use cryptocurrency to circumvent the sanctions

How can Iran and Russia benefit from cryptocurrency

in a recent press TV news report, Iranian MP Mohammad Reza pourebrahimi discussed the possibility of using cryptocurrency for international payment at a meeting in Moscow. Dmitry Mezentsev, chairman of the economic policy committee of the Russian Federation, also attended the meeting
the MP said that Iran and Russia can use digital currency to avoid US dollar transactions, and may even replace Swift's inter-bank payment system. In addition, the Iranian parliament instructed the Central Bank of Iran (CBI) to start creating potential use cases for digital currency. He said:
they [Russia] agree with us. We said that if we try to push this work forward, then we will be the first country to use digital currency in the exchange of goods< Mezentsev noted pourebrahimi's statement on the use of cryptocurrency and said:
the relationship between the banks of our two countries should be very important. Many sanctioned countries may see cryptocurrency as a potential alternative to traditional international banking systems, such as swift. International bank transfers are not the only problem facing sanctions countries. Third party payment systems like PayPal or venmo are also not allowed to operate in some countries. These payment services can also be replaced by decentralized cryptocurrency
after President trump withdrew the United States from the agreement reached between the Obama administration and Iran on its nuclear weapons program, Iran once again faces severe sanctions. Russia is also under increasing US sanctions for its alleged intervention in the 2016 presidential election.

8.

Iran's use of RMB instead of US dollar will have a certain impact on its own US dollar, but it will not retrogress, because now the US dollar is still recognized as a circulating currency in the world, and the RMB is still untenable. It's just a big rection in the flow of dollars in Iran

Kazakhstan will not follow the example of Iran, Venezuela, Turkey and other countries to give up the use of U.S. dollar settlement. Although we also need to use local currency settlement, especially within the Eurasian Economic Union, it is incorrect to refuse to use U.S. dollar