Iran launches state crypto project

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Iran wants to launch its own currency, no doubt with the idea of destroying cash with the hopes of being able to track every transaction, everywhere. This will be how authority abuses cryptos. They site that the only reason they don't support existing currency is the wild price swings. Oh please, its brand new, of course there are wild price swings.

Link to article

https://www.coindesk.com/next-petro-iranian-minister-reveals-cryptocurrency-plans/?utm_content=bufferdfaaf&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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Thanks for reading. Please follow @icee for only the interesting articles in cryptos, stocks, and other financial stories. Take what you read and make your own decisions, my opinions are only to be helpful, and not instructional. The abuse of the tech will only go to help real currency like BTC become more adopted.