Iran May Ban Bitcoin Payments

All these measures are aimed to protect local currency from competition with digital assets
30 January 2019   470

The Central Bank of Iran plans to introduce a ban on the use of "unapproved" cryptocurrency as a means of payment. This is stated in the draft document “Obligations and rules regarding cryptocurrency,” CoinDesk reports.

According to an informed source, first of all, Bitcoin will be banned, as well as tokens tied to fiat currencies, precious metals and other goods. The list of approved cryptocurrency has not been disclosed.

Also, the central bank decided to prohibit the integration of cryptowallets with any services for cryptocurrencies usage - they can only be used for storing and transferring funds. At the same time, the total amount stored outside the bank accounts of citizens should not exceed € 10,000.

In the near future, the central bank of Iran will compile a list of cryptocurrencies allowed for trading. The sites themselves will have to obtain a license to conduct activities.

It is noted that all these measures are aimed at protecting the Iranian rial from competition with digital assets.

Local companies working with cryptocurrencies, frankly shocked by the initiative of the regulator.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.