Iran Completes Development of Rial-Supported National Cryptocurrency29.68

Iran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports.

Also Read: Bahamas Releases Discussion Paper on Crypto-Assets Regulation

Original source
https://news.bitcoin.com/iran-completes-development-of-rial-supported-national-cryptocurrency/

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