Foreign media: Iran will soon launch a cryptocurrency supported by gold

According to Cryptoglobe, an official of the Iranian Chamber of Commerce, Industry, Mining and Agriculture recently claimed that Iran will soon launch a gold-backed cryptocurrency that will be mined under the permission of the Iranian central bank. The official Shahab Javanmardi claims that the cryptocurrency will be mined through an agreement between the Iranian Central Bank and a consortium of private IT companies in the country. Javanmardi said: Iran's cryptocurrency is supported by gold, but its function is similar to that of foreign competitors.