Ninjastic
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Re: State-Backed Iranian Cryptocurrency - Is this the end for all other cryptos?
by
VanDeinsberg12
on 28/01/2019, 22:32:02 UTC
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/
It's not, know the differences is much better. Iranian was getting a sanction but remember this time US in the critical situation because there was a big shutdown in the government.
It will be a good thing for bitcoin consider it has already used dollar to determine its value.