The app will allow Iranian citizens to safely protest the Islamic Republic of Iran by casting a vote of no confidence in its presidential candidates and corrupt electoral system.
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Iran Blockchain Industry News
Read all the latest blockchain industry news from Iran. Covering blockchain, digital economy, and FinTech, including cryptocurrency, Bitcoin, Ethereum, DeFi, digital finance, NFTs, and Web 3.0 news and analysis.
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Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers.
Iran has been using cryptocurrency mining to swerve around US sanctions. According to blockchain analytics firm Elliptic, around 4.5% of all Bitcoin mining takes place in Iran, allowing it to earn close to $1 billon a year from cryptocurrencies that can be used to lessen the impact of U.S. sanctions.