The Iranians have invested 2.5 billion dollars to buy crypto-currencies abroad

The president of the economic committee of the iranian parliament revealed that the Iranians have invested more than $ 2.5 billion for the purchase of crypto-currencies abroad. His statement follows a decision by the country’s central bank to prohibit financial organizations from the local digital currencies, including Bitcoin.

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The Iranians are looking to invest abroad

Mohammad Reza Pourebrahimi, the president of the economic committee of the iranian parliament, said the week – on the basis of existing data – there are few people in Iran use the crypto-currency, and more than 2.5 billion dollars have been sent abroad for the purchase of virtual currency. He had already explained to the newspaper Isna that the Iranians had transferred $ 30 billion abroad in the last few months.

The Iranians do not have access to the international banking system, and transfers can only be done by unconventional means. This declaration occurs after the prohibition of the central bank of Iran against the trade of crypto-currencies.

Creation of a crypto-currency ?

Iran’s minister of information Technologies and communication (ICT), Mohammad Javad Azari-Jahromi, has recently confirmed the development of a digital currency and national. However, in an interview with last week, Pourebrahimi has denied these about. However, he admitted the potential of a crypto-currency. According to him, it would bypass the sanctions and facilitate the economic agreements.

Source : The Blue Diamond Gallery. Iran wants to create a crypto-currency national to circumvent the sanctions.

The chairman of the committee has indicated that the future of the global economy is the digital currency. Pourebrahimi believes that one of the benefits of crypto-currencies lies in the fact to circumvent the international sanctions. In effect, the virtual currency, are not under the control of the u.s. financial regulator. During this time, the president, Donald Trump has pulled out of the nuclear deal with Iran and reinstated the sanctions.

Source : NewsBitcoin