Asia Times |PETER J. BROWN: The Iranian government, which had enacted a total ban on crypto in April 2018, now appears not only willing to accept it, but also promote it. An estimated 50 blockchain-related ventures are reportedly now running in Iran as well as numerous legal crypto mining operations and licensed crypto exchanges. Yaya Fanusie of ...

Sputnik - Iranian authorities, together with four local banks and Ghoghnoos, have launched the PayMon cryptocurrency backed by gold reserves, aiming to bypass international sanctions. No other country has ever used gold reserves to back a cryptocurrency. PayMon is expected to be presented on the Iranian Fara Bourse OTC securities market. Sputnik ...

Crypto Globe | Francisco Memoria:The Islamic Republic of Iran has reportedly launched a gold-backed cryptocurrency called PayMon the Persian word for covenant in cooperation with four local banks and the Ghoghnoos Company, in a move made following international sanctions. According to the Financial Tribune, the country has launched the gold-backed ...

Financial Tribune - An Iranian gold-backed digital currency created on blockchain platform was unveiled by Ghoghnoos Company in a ceremony attended by CEOs of banks and judiciary officials. The cryptocurrency is the outcome of collaboration between Ghoghnoos Company and four banks, namely, Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian ...