June 20, 2025

Iranian President calls for Islamic cryptocurrency

Iranian President calls for Islamic cryptocurrency

Iranian President Hassan Rouhani called on Islamic countries to create a digital currency that would serveas an alternative to the US dollar and would help cope with “American hegemony”.

According to the report, the Iranian president proposed creating a unified banking and financial system for Islamic states, on the basis of which a cryptocurrency would be developed.

Rouhani says US is “bullying” other countrieseconomic sanctions. Indeed, Iran is currently facing numerous problems caused by economic, military and scientific sanctions. 

According to Zycrypto, the president’s initiative was supported by Malaysian Prime Minister Mahathir Mohamad. He said:

We are seeing this for the first time – Iran and Turkey agree that we should use a single alternative to the US dollar. We can use our own currencies while still having a common currency.

Recall that recently the Iranian government legalized the activities of crypto miners in the country.

Based on materialszycrypto.com