Russia, Iran to Co-Create Gold-Backed ‘Token of Persian Gulf’ Crypto Asset: Report

Russia, Iran to Co-Create Gold-Backed ‘Token of Persian Gulf’ Crypto Asset: Report

Russia and Iran, two countries that are looking to develop guidelines to regulate the cryptocurrency sector, are reportedly planning to form an alliance to co-develop a stablecoin. The crypto asset, which would be backed by gold as the reserve asset, could be named the ‘token of the Persian Gulf’. This…