Wednesday, January 27, 2021

US Congress seeks to prevent production of digital currency in Iran

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Assistant minister of Industry, Trade and Minerals of Iran Saeid Zandi said that the US Congress, seeks to prevent the production of digital currency “Petkwin” in Iran.

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“This digital currency is a tool to avoid the financial embargo on individuals and countries, as well as the possibility of carrying out money laundering operations,” the official said, referring to its use as a double-edged sword.

He added that (Tehran) has not taken a decision so far on the production of “Petkwin”, stressing the need to expedite the resolution of this issue, so as not to turn into covert activities.

He pointed out that a number of ministries in Iran working with the Central Bank to resolve the issue of the production of “digital currency” in Iran.

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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