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Workers at two top U.S. steelmakers are demanding higher compensation as tariffs on foreign metal push prices and profits to their highest point in years.
WSJ.com: US Business
The deputy for innovative technologies at the Central Bank of Iran, Nasser Hakimi, has stated that Iran’s financial regulator will be reviewing the country’s blanket cryptocurrency ban. The central bank official also indicated that the country’s regulatory apparatus pertaining to virtual currencies is expected to be finalized by the end of September.
Iranian Central Bank Official Hints That Cryptocurrency Ban May Be Repealed During September
Whilst speaking at a conference on cryptocurrency and distributed ledger technology in Tehran on Sunday, Nasser Hakimi, the Central Bank of Iran’s deputy for innovative technologies, made statements inferred as indicating that the Iranian administration will likely repeal its blanket ban on cryptocurrencies during September.
“The first concerns the prevalent global cryptocurrencies. The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government’s consideration, this blanket ban will be reviewed,” Mr. Hakimi stated.
The blanket ban, first announced on April 22nd of this year, was ostensibly intended to address concerns pertaining to money laundering and financing of terrorism.
Iran to Deliver New Cryptocurrency Regulations in September
The cryptocurrency ban is expected to be lifted when Iran announces the finalization of its new regulatory apparatus pertaining to cryptocurrencies, which is currently slated to occur by the end of September.
According to Financial Tribune, Iran’s new cryptocurrency policies have been developed under the guidance of President Hassan Rouhani.
Iran Is Testing National Cryptocurrency
Mr. Hakimi also discussed the possibility of Iran’s current position regarding the development of a state-issued cryptocurrency, stating: “National virtual currencies haven’t proved successful experiences in the world, but some economic officials have emphasized on this, so the Informatics Services Corporation has readied a test edition and some other entities are also cooperating in this.”
Saeed Mahdiyoun, an official representing Iran’s Supreme Cyberspace Council, also recently indicated that the country’s cyberspace authority was actively exploring the idea of introducing a national cryptocurrency.
Do you think Iran will repeal its cryptocurrency ban next month? Share your thoughts in the comments section below!
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U.S. stocks edged up Monday morning, with companies including Tyson Foods and Berkshire Hathaway rising after their second-quarter reports. Overseas markets are having a sluggish start to the week.
KEEPING SCORE: The Standard & Poor’s 500 index rose 1 point, to 2,841 as of 10 a.m. EDT. The benchmark…
Two Hungarians have been convicted of trying to steal bricks during a tour of the Auschwitz death camp in Poland. Per USA Today , the tourists told authorities they wanted to take the bricks home as souvenirs. Polish police reportedly said that officials were alerted to the pair’s misdeeds when they…
Russia threw its support behind Saudi Arabia’s plan to ramp up global oil production in the face of higher prices, after more than a year of holding back output in coordination with OPEC.
WSJ.com: What’s News Asia
Fed nominees slam Wells Fargo for consumer abuses and indicate bank’s growth cap will be tough to liftMay 16, 2018 | dailybusinessnews
Two Federal Reserve nominees on Tuesday slammed Wells Fargo & Co., for its consumer abuses and indicated that they would have to see significant improvements before voting to lift a cap on the San Francisco bank’s growth.
“Just based upon the news accounts, which of course is all I have to go on,…
Kanye West’s new track is out, and the lyrics include lines like “poopity scoop,” “scoobity doop” and more “scoopity woops.” Kanye tweeted a link to his site Friday, which shows the song is labeled “Lift Yourself Master.” Like a lot of things the…
U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp. Smaller companies made big gains, an optimistic sign for the U.S. economy. Bond yields continue to rise…
Chinese ride-hailing giant Didi Chuxing is teaming up with SoftBank Group Corp. to help Japan’s taxi industry deploy cars more efficiently, in a move likely to stymie the ambitions of Uber in the country.
WSJ.com: What’s News Asia