{"id":37071,"date":"2022-08-21T18:39:15","date_gmt":"2022-08-21T23:39:15","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=37071"},"modified":"2022-08-21T18:39:15","modified_gmt":"2022-08-21T23:39:15","slug":"currency-always-has-costs-ctd-27","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2022\/08\/21\/currency-always-has-costs-ctd-27\/","title":{"rendered":"Currency Always Has Costs, Ctd"},"content":{"rendered":"<p>The Middle East <a href=\"https:\/\/huewhite.com\/umb\/2022\/08\/13\/currency-always-has-costs-ctd-26\/\" target=\"_blank\" rel=\"noopener\">continues to warm<\/a> to cryptocurrencies:<\/p>\n<blockquote><p>Iran has reportedly registered its first import order purchased via cryptocurrency.<\/p>\n<p>The Iranian news outlet\u00a0<a href=\"https:\/\/www.tasnimnews.com\/fa\/news\/1401\/05\/18\/2755209\/%D9%86%D8%AE%D8%B3%D8%AA%DB%8C%D9%86-%D8%AB%D8%A8%D8%AA-%D8%B3%D9%81%D8%A7%D8%B1%D8%B4-%D8%B1%D8%B3%D9%85%DB%8C-%D9%88%D8%A7%D8%B1%D8%AF%D8%A7%D8%AA-%D8%A8%D8%A7-%D8%B1%D9%85%D8%B2%D8%A7%D8%B1%D8%B2-%D8%AF%D8%B1-%DA%A9%D8%B4%D9%88%D8%B1-%D8%A7%D9%86%D8%AC%D8%A7%D9%85-%D8%B4%D8%AF\" target=\"_blank\" rel=\"noopener\">Tasnim<\/a>\u00a0reported today that the crypto amount is worth $10 million.<\/p>\n<p>The outlet left out numerous details on the order, including what the order is for and from whom, plus which cryptocurrency was used.<\/p>\n<p>Cryptocurrencies will be used widely in Iran for foreign trade, according to Tasnim, which is linked to Iran\u2019s elite Islamic Revolutionary Guard Corps.<em> [<a href=\"https:\/\/www.al-monitor.com\/originals\/2022\/08\/iran-uses-cryptocurrency-import-order?utm_medium=email&amp;utm_campaign=business%20newsletter%2081022%20August%2010%202022%20249&amp;utm_content=business%20newsletter%2081022%20August%2010%202022%20249+CID_726d1f6a7583f4c4ce37a70231ed15ad&amp;utm_source=campmgr&amp;utm_term=using%20cryptocurrency\" target=\"_blank\" rel=\"noopener\"><strong>AL-Monitor<\/strong><\/a>]<\/em><\/p><\/blockquote>\n<p>UAE may not be a scary entity; the <em><strong>Islamic Revolutionary Guard Corps<\/strong><\/em> definitely qualifies. So ripping them off may be less likely.<\/p>\n<p>And cryptocurrency&#8217;s transparency has an impact on sanction evasion:<\/p>\n<blockquote><p>Cryptocurrencies is also still not used widely and its blockchain is publicly accessible. This makes it less plausible crypto will be utilized to evade sanctions to a significant degree, according to the\u00a0<a href=\"https:\/\/bafficarefin.unibocconi.eu\/research-units\/mints-alternative-monies\/newsletter\/issue-0\/cryptocurrencies-way-evade-sanctions\" target=\"_blank\" rel=\"noopener\">Baffi Carefin<\/a> research center in Italy.<\/p><\/blockquote>\n<p>Probably depends on how well an identity can be covered up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Middle East continues to warm to cryptocurrencies: Iran has reportedly registered its first import order purchased via cryptocurrency. The Iranian news outlet\u00a0Tasnim\u00a0reported today that the crypto amount is worth $10 million. The outlet left out numerous details on the order, including what the order is for and from whom, \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2022\/08\/21\/currency-always-has-costs-ctd-27\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37071","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=37071"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37071\/revisions"}],"predecessor-version":[{"id":37072,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/37071\/revisions\/37072"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=37071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=37071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=37071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}