[ad_1]
An Iranian official said that the integration of the blockchain could bring a technological boost to the country's economy.
"This is possible with the upgrading of the blockchain technology infrastructure with the help of the government and the private sector," said Alireza Daliri, head of the managerial development department of the vice president for science and technology, according to as reported by local reports.
To this end, Iran should coordinate with other nations on emerging technologies, including blockchain, he said.
The official also downplayed alleged government concerns about blockchain technology, saying it offers more advantages than disadvantages and adds that its department intends to use blockchain in different areas in the future.
In particular, Daliri also announced in July that the government is carrying out the bases for the issuance of a national digital currency in Iran. The cryptocurrency would support and ridicule Iran's national fiat currency, the rial, in order to facilitate domestic and cross-border transactions to counter US sanctions, was reported at the time.
When sanctions hit, major exchanges like Binance have moved to force Iranian users to leave their platforms to comply with US authorities. Last month, the US Treasury Department for the first time added cryptocurrency addresses to its list of sanctions, blacklisting two Iranian residents. The Treasury said that "it was targeting digital currency exchangers that allowed Iranian cyber-actors to profit from extortion of digital redemption payments from their victims."
The country, however, is proving to be a call for international encryption companies who have struggled to make a profit in the bear market this year. Iran, with its low-cost electricity (which can reach $ 0.006 per kilowatt hour) offers miners a way to keep running while many others have shut down in recent months. Although establishing a shop in Iran is not a simple deal, as reported recently.
Image of the Iranian monument through Shutterstock
[ad_2]Source link
