[HN Gopher] Iran can use crypto mined by authorized miners in Ir...
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       Iran can use crypto mined by authorized miners in Iran to pay for
       imports
        
       Author : giuliomagnifico
       Score  : 12 points
       Date   : 2021-04-28 17:20 UTC (5 hours ago)
        
 (HTM) web link (financialtribune.com)
 (TXT) w3m dump (financialtribune.com)
        
       | thewarrior wrote:
       | Russia and China have announced that they're now settling 50 % of
       | their trades in Yuan. Iran and China continue to trade under the
       | table. And now Iran also authorizes crypto.
       | 
       | The over use of sanctions by the United States is beginning to
       | backfire and will massively weaken the dollars dominance in the
       | next 10 years.
        
         | amir734jj wrote:
         | That's an interesting angle to the story I didn't think about.
         | I'm an Iranian and Iranian rial has been extremely devalued in
         | the last ten years. Sanctions have been effective at destroying
         | the economy but failed to pause nuclear program. Iranian
         | government didn't spend the $100B relief well and it's trying
         | to get another relief or lift the sanctions altogether. I am
         | not optimistic if cryptocurrency can help their economy in the
         | long term.
         | 
         | What is apparently helping their economy is taking
         | foreign/dual-citizens citizens as hostage to advance their
         | stance in sanction relief talks.
        
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       (page generated 2021-04-28 23:02 UTC)