Bitcoin’s Warning Realized: Iranian Bank Goes Bankrupt, Millions Affected
Ayandeh Bank, one of Iran’s largest private lenders, was formally shut down by regulators on October 23, 2025, leaving millions exposed to uncertainty — a moment that revived talk about Bitcoin’s original warning against trusting banks too much. Related Reading: Trade War Talks: US, China Signal Progress In Malaysia; Crypto Traders Take Notice The Central […]
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In remarks that highlight flaws of the fiat currency system, the European Central Bank (ECB) president, Christine Lagarde, says the institution cannot go bankrupt even if it incurs losses running into trillions. According to Lagarde, normal bankruptcy rules do not apply to the ECB primarily because it is the sole issuer of euro-denominated central bank money. The Eurosystem will always be able to generate additional liquidity as needed. Bankruptcy Rules Not Applicable to ECB The ECB leader made her remarks while responding to a question from an Italian member of the European Parliament.....
The Middle East is catching up with Bitcoin, as Iran’s National Center of Cyberspace (NCC) has been intensively working on the issue lately. At least, that’s what report from the Fars News Agency website suggests. Judging by the translated version of the text, the Iranian government’s position regarding Bitcoin is quite positive, opposed to the “convenient” warning and disclaimer that is usually meant to scare potential users, so that officials could ignore the digital currencies further. The CEO of the Persian Shoes (online retailer), Mor Roghani was very positive on the subject: “The....
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage of decentralized money transfers. Iranian Fintechs Insist There Is No Ban on Cryptocurrency Trade Recent statements by various authorities in Teheran have prompted a response from the Iran Fintech Association (IFA) which represents companies working in the sector. In a letter to the speaker of....
Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations.
Iranian MPs Urge for Change in Crypto Policies After Research
Some parliamentarians in Iran have set out to change the government’s regulatory attitude towards cryptocurrencies, citing opportunities to use them to improve the nation’s sanctioned and....
Management of bankrupt crypto exchange FTX has issued a warning that creditors should beware of phishing campaigns. Notably, this statement comes after the FTX Recovery Trust commenced its third settlements distribution following the exchange’s shocking collapse in November 2022. Related Reading: Bored Ape NFTs Win Big: Court Says They’re Not Securities Bad Actors Target FTX […]