President of Iran Proposes Cryptocurrency To Muslim Nations to Fight Economic Sanctions

The president of Iran, Hassan Rouhani, has proposed the creation of a cryptocurrency for Muslim nations, as an alternative to the U.S. dollar. Rouhani urged during the conference for Muslim nations to deepen financial cooperation to fight what he described as the United States’ economic hegemony. As a solution, he proposed financial cooperation between Muslim countries, including trading in local currencies and the creation of a Muslim cryptocurrency.


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