/biz/ - Business & Finance

https://cointelegraph.com/news/turkey-iran-to-release-state-backed-cryptocurrencies-on-heels-of-venezuelas-petro
>The governments of Turkey and Iran are both considering developing their own government-backed digital currencies, following on the heels of the Feb. 20 pre-sale of Venezuela’s national oil-backed Petro coin.

>Feb. 21, a day after the Petro’s launch, Iran’s Ministry of Information and Communications Technology (ICT) tweeted that Iran’s Post Bank is working on releasing a cryptocurrency.

>Last November, the Iranian cyberspace authority, the High Council of Cyberspace (HCC), “welcome[d] Bitcoin” and announced that they were working with the Central Bank of Iran on a report on cryptocurrencies. On Feb. 21 the Central Bank of Iran said that it was actively working on a way to “control and prevent” cryptocurrencies in Iran.

>The Petro is not the first government-backed cryptocurrency to be launched — the local government in Dubai launched the state-backed emCash in October 2017, and in 2017 Kazakhstan, Japan, and Estonia have all brought up the possibility of releasing their own government-backed cryptocurrencies.

If you think crypto is ever going away in your lifetime you need to go back to africa.