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The Central Bank of Iran has approved the issuance of gold-backed crypto-asset designed to maximize the use of Iranian frozen bank assets, according to the CEO of Iranian Information and Communication Technology. In fact, a number of Iranian banks have been working with blockchain startup Kuknos Company on this “Paymon” project since January.
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“Because the (Libra) Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority (FINMA). We have had preliminary discussions with FINMA and expect to engage with them on an appropriate regulatory framework for the Libra Association.”
Kiffmeister’s Fintech Daily Digest 07/21/2019
