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Re:Iran authorizes use of cryptocurrency for imports payment by yardie on Wednesday April 28, 2021 @07:31AM (#26968171)
> Why re-invent the wheel, when a system already exists for doing just that?

They don't even want to use that system. They want to create yet another that is state-controlled.

Re:Iran authorizes use of cryptocurrency for imports payment by ur-whale on Wednesday April 28, 2021 @08:57AM (#26968789)
Yeah, I hear you, but there's a built-in contradiction in there: if you want to trade with other countries, this whole "state-controlled" business doesn't work too well.

The US are only in this controlling situation because of a historical accident (WWII).

If they hope to establish non US-controlled ways of exchanging value, I suspect they'll have to relinquish some amount of control, unless - of course - China becomes much more preponderant both economically and militarily.