Sources revealed details of Iran’s cryptocurrency

The Informatics Services Corporations (ISC), an entity affiliated with the Central Bank of Iran, noted that the nation’s cryptocurrency (rial) has been developed from the open source Hyperledger Fabric technology.

Given this, it is confirmed that the digital Rial can not be extracted and can only be accessed through a private blockchain.

“Infrastructure is supposed to be an ecosystem available for Iranian banks and companies active in the area of ​​cryptocurrencies after having been tested and revised,” the institution explained.

In recent months, Iran has been looking for ways to deal with the sanctions led by the United States. The cryptocurrency is one of the most highlighted measure of action.

The idea has received support from several countries. Qatar recently promised the Iranian president to send aid of approximately $ 15 billion, as well as the European Union, which allegedly would disburse $ 21 million.

K. Tovar

Source: Diario Bitcoin

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