Bitcoin Forum

The Iranian regime is looking at state-sponsored crypto as a way to get around the US sanctions.

This measure has far-reaching implications from the perspective that central bank cryptocurrencies/state-backed cryptocurrencies hold the potential to end all others.

Is this a step towards the end of BTC and the rest?

https://cryptomenow.com/iran-decision-on-launching-a-state-backed-cryptocurrency/ (https://cryptomenow.com/iran-decision-on-launching-a-state-backed-cryptocurrency/)

And how will this Iranian centralized cryptocurrency differ from the Venezuelan El-Petro? I do not see any difference here. These coins will not be able to have any significant impact on Bitcoin and other decentralized cryptocurrency. These are completely different coins and if the Iranian cryptocurrency is in demand, then there will be a place for circulation in our world for everyone.

It is a good thing for bitcoin as they will create their own coin and whatever the creation is it will be tradable against bitcoin. Also, it will take a long time before that happens, same as the Russian ruble coin.

All these state controlled Cryptocurrencies is against what drives the space, they are centralized and do you want to invest into a project backed by Iran that is not in the good book of America and we don't need to look further look at Venezuela what has come of their Petrol-backed cryptocurrencies. Please invest into freedom and real technology and innovation

If any country is planning to over come the sanctions imposed upon them they have to start using bitcoin, it is primarily created to have freedom and to over come these sanctions, if they are going to have a centralized token so be it, i am not sure how they are planning to overcome with a state sponsored coin, US can still impose sanctions in it to trade outside Iran, so what is the use in all this rather than start using bitcoin to overcome these sanctions. ;)

It's not, know the differences is much better. Iranian was getting a sanction but remember this time US in the critical situation because there was a big shutdown in the government.
It will be a good thing for bitcoin consider it has already used dollar to determine its value.

These positive news supposedly help in the market rise rather what we see today is just news without any positive move from the market.

Iran decision for making country own cryptocurrencies is much anticipated at this junction because of the dims from the market. These state backed cryptocurrencies would help to commensurate the traditional system which many countries still beckon.

lol, how does your little mind even make that kind of connection between this two things which have nothing in common :D
besides it is not the first time some government in the world issues their own cryptocurrency. we already have at least two in circulation and about 5 or 6 others that are in development and none of them have anything to do with  the only decentralized currency in the world which is bitcoin!

you really need to stop making up crappy "texts" to post on your news site as articles!

It may be good as an internal currency but it won't be able to affect Bitcoin and other cryptocurrencies outside of Iran.

And why you should think that way? No matter how many iranian government backed crypto-currency will made. As long as the crypto-currency is working in the principles of decentralization i think it doesnt affect the entire crypto-sphere. Thats not logical to conclude that the iranian state back cryptocurrency project will influence the current state of the most crypto-currencies that exist today!

In my opinion, it has nothing to do with decentralized cryptocurrency. And I don't think it will have any influence with bitcoin. And it is not part of the end of bitcoin, because bitcoin will remain popular with its users. Thanks!