Monday, June 24, 2024
HomeNewsFinanceAn Iranian Think Tank Recommends Cryptocurrencies to avoid Sanctions

An Iranian Think Tank Recommends Cryptocurrencies to avoid Sanctions

Date:

Related stories

CPEC: Pakistan’s Gateway to Global Trade Success

As the global business landscape rapidly evolves, Pakistan stands...

Scorching Heat Waves Hit World Trade, Disrupt Supply Chains

The intensifying frequency and severity of heatwaves are creating...

The Digital Trade Revolution Needs Regulation

The fragile recovery of global trade amid geopolitical tensions...

Driver Shortage Threatens Japan’s Logistics Sector

Japan is on the brink of a significant workforce...

Modern Security: Alternatives to Nuclear Deterrence

In the contemporary global landscape, the threat of nuclear...
spot_img

An Iranian think tank has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country.

In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from crypto currencies.”

The Iranian Presidential Center for Strategic Studies, a think tank attached to President Rouhani’s office, has published a detailed report stressing the necessity for the regime to use cryptocurrencies to generate extra income.

Trump may attack Iran before leaving white house, US think tank

Iranian satellite launchers can be retooled to handle ballistic missiles, think tank

Extracting cryptocurrencies, the report states, could provide economic benefits to several different sectors of the country’s economy.

It claims that if the government intervenes seriously it could generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies. Revenues from receiving transaction fees for the entire bitcoin network would generate $22 million a year for the Iranian government, it says.

Trump may attack before leaving white house, US think tank
Trump may attack before leaving white house, US think tank

The report also states that creating more facilities such as Bitcoin mines in Iran would lead to an increase in employment. Cryptocurrency miners, it says, also have a basic need for electricity, and for every megawatt of electricity consumption about nine people are directly employed.

“If large mining farms are established,” the authors write, “the need to employ manpower for monitoring and repair, security, electrical engineers and technical staff related to hardware and software equipment will increase, which leads to more job opportunities in other sectors.”

NEWS DESK
NEWS DESKhttp://thinktank.pk
News Desk, where most of the News Item edit for THE THINK TANK JOURNAL editor@thinktank.pk

Latest stories

Publication:

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here