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Monday, 25 March 08:25 (GMT -05:00)



Foreign exchange market

Experts Say, Iran’s Cryptocurrency Ban Won’t Affect BTC Rate


The central bank of Iran has banned cryptocurrencies. This decision was made on April 22nd. Apart from banning any cryptocurrency transactions in Iran, they also decided to ban any ads related to cryptocurrencies or blockchain. The reason is simple: cryptocurrencies may be used for money laundering, or sponsoring terrorism, or any other illegal activities. This is explained in the central bank’s official press release.
 
What does Iran demand from cryptocurrencies?
 
Back in February 2018, the central bank claimed that they had never made any cryptocurrency transactions and had never recognized such digital currencies. They think that these assets are unreliable and unstable, with extreme volatility and the principles used in network marketing and financial pyramids. On top of that, the central bank warned the citizens that investing in cryptocurrencies is rather risky and may lead to major financial losses.
 
At this point, it’s unclear how this cryptocurrency ban is going to influence Teheran’s plans to create a national digital currency, which was announced in February 2018. Back then, the Iranian government was excited about Venezuela ’s national digital currency – El Petro – which was designed to avoid the USA’s sanctions and restore the national economy.
 
Experts on Iran’s Cryptocurrency Ban
 
The World Bit Bank’s press office reports that such activities definitely have a meaning and a purpose. No totalitarian regime can exist without controlling each and every aspect of the society’s life. Since Iran cannot gain control over Bitcoin or altcoins, the only viable option for them is to ban cryptocurrencies.
 
Luckily, Iran is not a major player in the cryptocurrency market, which is why this ban is not going to affect the global market by any means. Iran is an outcast when it comes to trading or investing in international financial markets, the experts for The World Bit Bank (the creator of Wibcoin) claim.
 
Masterforex-V Academy experts share this opinion. They also think the ban is not going to affect the global cryptocurrency market in a serious way, or pretty much any way whatsoever since Iran’s role in the market is close to zero.
 
At the same time, it’s clear that the national cryptocurrency announced by Iran, as well as the one issued by Venezuela , is a pseudo-cryptocurrency since it’s will be controlled by the government, which contradicts the very idea of a decentralized blockchain-based cryptocurrency.
 
At the same time, Iran may well lie about not using cryptocurrencies since Bitcoin and other altcoins have become favorite assets for dictators and totalitarian regimes all over the world since they rely on the anonymity of those coins and use them to withdraw their toxic assets and dirty money abroad.

 

At the same time, NordFX reports that Bitcoin has been trying to conquer the psychological level of 10000 USD/BTC. In 24 hours, the exchange rate has gained some 5% and is now somewhere around 9350 USD/BTC.

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Masterforex-V Academy predicts that if the BTC exchange rate consolidates above 9263 USD/BTC, which is a major cluster of trading orders, the next targets will be 9616 USD/BTC and 10000 USD/BTC. On the other hand, a new bearish cycle may start upon breaking below 8922 USD/BTC.

 

 

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Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

 The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

Publication date: 02 March 01:10 AM

Brexit Won't Affect British Pound Just Yet, NordFX Experts Say

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 26 February 11:19 AM

NordFX Wins 3 Forex Awards

NordFx is reported to have become the winner in 3 nominations of the prestigious Forex Awards.

 

Publication date: 22 February 02:55 AM

Cryptocurrency Market Will Get Feverish By Mid February 2019

There is quite a lot of factors out there capable of influence the currency market in general, and cryptocurrency market in particular. In their turn, currency exchange rates can influence the entire world. At the same time, professional traders and investors take those exchange rates into account to avoid losses and make profits. At the same time, they don't mid taking expert opinions into account to be more accurate in their own predictions as well as the trading decisions based on them.

Publication date: 11 February 10:36 AM

NordFX. Forex and Cryptocurrency Forecast. Early February 2019

NordFX is back with their weekly consensus forecast for the week. We must confess that the forecast based on a number of technical indicators and expert opinions have been really efficient in predicting future market behaviors. With that being said, this is an overview of the recent forecast made for the current trading week, which is February 4-8, 2019.

 

Publication date: 04 February 11:05 AM

Chinese New Year

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Publication date: 03 February 03:20 AM