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?
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.