Iran Attempts To Nullify The Impact of Global Sanctions By Turning Focus On Crypto

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Note: The Iran Nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), is a landmark agreement between Iran and the superpowers of the world (including the USA) under which Iran promised to dismantle its nuclear program and allow the other countries to closely inspect its nuclear facilities in return for relief from billions of dollars worth of sanctions.

Hemmati believes that will have several benefits: Attract domestic and foreign investors Create more job opportunities and drive employment among the youth Integrate Iran with the global economy and simplify its access to a much broader range of financial services (those that only allow crypto transactions) But there’s one major reason that beats everything else – protection from sanctions.

JPMorgan analyst Arun Jayaram states that imposing more sanctions on Iran can severely affect the global oil supply, removing approximately 1 million barrels of oil per day from the supply chain.

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Article Details

Category: Crypto

Markets: United KingdomMali

Topics: Cryptocurrency Market News Iran Donald Trump Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 15:49:16 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24332295

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