Cryptocurrency As Main Instrument of Political Games
The Iranian Parliament is going to use digital tokens for the purpose of circumventing US sanctions. The authorities of differ-ent countries also believe that cryptocurrency might weaken the dollar.
Donald Trump continues to impose sanctions on different coun-tries. He has already started trading war with China that will soon influence cryptocurrency market, according to the experts.
After the US ended nuclear deal with Iran, Washington threatened Tehran with severe measures. New sanctions are entering into force in November. The Iranian government still has some time to find a way to evade the US sanctions.
Mohammad Reza Pour-Ebrahimi, chairman of the parliamentary Economic Commission, believes that cryptocurrency could help get rid of the dollar hegemony in international trade.
In May, he already discussed cryptocurrency usage with his Rus-sian partners and got supported.
Even though cryptocurrency could help Iran against sanction, to-ken based transactions are prohibited in the country. In April, the Central bank of Iran prohibited all the operations with cryptocur-rencies due to high risk of money laundering and financing of terrorism. Earlier, the Central Bank also stated that cryptocurren-cy is illegal payment method.