As time progresses, the revolution of peer-to-peer digital currencies picks up speed. Now, countries like India and Iran, which previously had a harsh legal stance on cryptocurrencies, are warming up to the idea of adopting them. In India, for instance, the Supreme Court has struck down a blanket ban that was placed on banks dealing with crypto-related businesses back in April 2018.
In Iran — while the country’s central bank had issued a blanket ban on cryptocurrencies in a misguided move to prevent capital flight due to fears of sanctions by the United States — the central bank is now looking to establish a sovereign stablecoin in a move to expand its digital banking operations.
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