Economy, Business And Markets

Iran's Nat’l Virtual Currency in the Offing

Nat’l Virtual Currency in the OffingNat’l Virtual Currency in the Offing

Months after the idea was first publicized, it seems that Iran is now inching closer to tapping into the potentials of blockchain technology to operate its own virtual currency.
On Wednesday, Minister of Communications and Information Technology Mohammad Javad Azari-Jahromi, used his Twitter account to provide the latest news about Iran’s virtual currency.
“In the meeting I had with the board of directors of Post Bank about digital currencies based on blockchain, it was agreed that the bank would do what is necessary to do a trial run of the country’s first digital currency using the capacities of the nation’s elite,” he wrote.


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