Iran wants to create a cryptocurrency for Muslim states
Who is investing in cryptocurrencies? If you were to ask a person on the street maybe they would answer “a guy with a big computer rig in his mother’s basement”, although statistics show that a large part of everyone who owns cryptocurrencies are women.
Cryptocurrency for Muslim countries
Now come reports that yet another country with authoritarian rule has fallen in love with cryptocurrencies. This time it’s the Islamic Republic of Iran.
Iranian President Hassan Rouhani recently visited Malaysia for a meeting with the leaders of various Muslim countries. There, he proposed a common cryptocurrency for the world’s Muslim states, Free Malaysia Today reports.
Want to challenge US dominance
The proposed cryptocurrency would be part of a broader effort from the countries attending the conference to challenge US economic dominance.
In addition to Iran and the host country Malaysia, Turkey and Qatar also attended the meeting, while Saudi Arabia and Pakistan where supposed to attend but withdrew, the AP reports.
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