Crypto adoption in the Middle East first comes from citizens of unstable countries

    The next wave of crypto adoption in the Middle East is likely to come from citizens in unstable countries facing crucial inflation like Iran and Lebanon. While some countries continue to restrict crypto trading and mining, digital transformation in the Middle East has proceeded at a rapid pace. Nimrod Lehavi, the founder of Simplex and…

    Iranian cryptocurrency: expect a second attempt?

    Iran’s leadership now seems to have again decided to use cryptocurrencies to stabilize the country’s financial system. The first attempt was made in early 2019, but was unsuccessful. The Iranian parliamentary committee on economics has developed legislation titled “Supporting Cryptocurrency Mining and Regulation of Domestic Cryptocurrency Trade”. When it is adopted, the Central Bank of…

    President of Iran Called For New Crypto Regulations

    Iranian President has urged for a new standard in digital currency regulation following recent steps of the government in pursue to control the crypto sector. President Hassan Rouhani said that Iran required a legal framework for digital currency and related activities, which would protect the national interest while crypto mining remains illegal in the country….