🇮🇷 Gold-backed cryptocurrency launched by Iranian banks: report
Four Iranian banks--Bank Mellat, Bank Melli Iran, Bank Pasargad and Parsian Bank--have launched a gold-backed cryptocurrency in conjunction with blockchain startup Kuknos Company. The cryptocurrency, named PayMon, is claimed to tokenize the banks assets and properties with 1 billion tokens being issued. Over the counter (OTC) trader Iran Fara Bourse will most likely pick up the token. The news comes a week after the Iranian Central Bank stated it would stop any unapproved cryptocurrencies from becoming means of payment
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