Re: State-Backed Iranian Cryptocurrency - Is this the end for all other cryptos?

Quote from: Samyalson on January 28, 2019, 07:34:04 PM

The Iranian regime is looking at state-sponsored crypto as a way to get around the US sanctions.

This measure has far-reaching implications from the perspective that central bank cryptocurrencies/state-backed cryptocurrencies hold the potential to end all others.

Is this a step towards the end of BTC and the rest?

https://cryptomenow.com/iran-decision-on-launching-a-state-backed-cryptocurrency/

And how will this Iranian centralized cryptocurrency differ from the Venezuelan El-Petro? I do not see any difference here. These coins will not be able to have any significant impact on Bitcoin and other decentralized cryptocurrency. These are completely different coins and if the Iranian cryptocurrency is in demand, then there will be a place for circulation in our world for everyone.