Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be a Crypto Exchange Center Muhammad Javad Azari Jahromi, the Islamic Republic’s minister for information and communications technology, made the crypto-friendly proposal during a recent visit to Kish. The 91-square-kilometer....
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Iran’s ICT minister has made a proposal that the Persian Gulf island of Kish should be transformed into a crypto exchange hub. Kish is an island off the Persian Gulf coast in Southern Iran, and it hosts one of the country’s free trade zones. Muhammad Javad Azari Jahromi, Iran’s information and communications minister, made the […]
How many Bitcoin-only businesses are out there that you know about? Chances are not many, because it seems like the vast majority of businesses that do accept Bitcoin also accept traditional currencies. This morning, whilst on my daily round on the Bitcoin subreddit, I came across a new business that sells Persian Shoes from Iran and only accepts Bitcoins (given the location, I can't say I'm entirely surprised). According to the site, the reason they're only accepting Bitcoin relates to the fact that they're selling leather goods from Iran, and many payment processors simply won't touch....
The kingdom in the Persian Gulf is taking its latest step in transforming its economy away from oil with the Bitcoin and Lightning Network infrastructure provider’s trial. Bitcoin infrastructure provider OpenNode will test a Bitcoin payment processing and payouts solution in the Central Bank of Bahrain’s (CBB) regulatory sandbox, the company announced Sept. 13. This is the latest of several steps the kingdom has taken to join the crypto economy both on its own and as a member of the Cooperation Council for the Arab States of the Gulf (GCC). OpenNode will provide the first Bitcoin (BTC)....
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue.
Blockchain Association Proposes Public-Private Partnership on Crypto Rules in Iran
Tehran authorities such as the Central Bank of Iran (CBI) are not capable of regulating cryptocurrencies, according to the head of the Iran Blockchain Association (IBA). Тhe....
The Vanuatu government announces its support for the Satoshi Island Community Project, a private crypto island where fiat isn't invited. It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC). Now, the prime minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island. The Vanuatu government approval, which Satoshi Island was happy to share with Cointelegraph. Source: SISatoshi Island is the megaproject crypto utopia in....