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/

These positive news supposedly help in the market rise rather what we see today is just news without any positive move from the market.

Iran decision for making country own cryptocurrencies is much anticipated at this junction because of the dims from the market. These state backed cryptocurrencies would help to commensurate the traditional system which many countries still beckon.