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What are the benefits of digital currency for Iran? (What benefits does digital currency have for a country?)

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What are the benefits of digital currency for Iran? What benefits does digital c

What are the benefits of digital currency for Iran? (What benefits does digital currency have for a country?)

What are the benefits of digital currency for Iran? What benefits does digital currency have for Iran?

Firstly, in the absence of a central bank in Iran that can control the financial system, cryptocurrencies like Bitcoin and other digital assets are banned as a means of payment. Therefore, if funds are transferred to other exchanges, they may not be able to use this technology for cross-border transactions (such as remittances). However, since Bitcoin and other digital assets belong to the international trade field, they do not have the status of currency or store of value. (Cointelegraph)

What benefits does digital currency have for a country?

According to foreign media reports, a recent report from the International Bank for Settlements mentioned, “Currently, there is no digital currency widely adopted in the world. This technology has been around for a long time.” But what about for a country? We can look at the benefits of central banks introducing digital currency from the following points:

1. Achieving anonymity.

2. Reducing transaction frictions.

3. Lowering operational costs.

4. Improving payment efficiency.

5. Enhancing regulatory capabilities.

6. Promoting financial inclusion.

7. Supporting cross-border remittances and settlements.

8. The “Belt and Road” initiative will be the future development trend.

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