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Iran to Unveil Its Own State-Backed Cryptocurrency This Week

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Iran’s ‘crypto-Rial’ will be unveiled at the eighth annual conference on Electronic Banking and Payment Systems slated for Jan. 29-30.

Following US sanctions, the Islamic Republic is about to launch its own state-backed cryptocurrency and an official announcement is expected at the annual Electronic Banking and Payment Systems conference that starts this week in Tehran.

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The Islamic Republic is about to launch its own state-backed cryptocurrency. (Shutterstock)

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