BTCC / BTCC Square / Global Cryptocurrency /

Iran Proposes SCO-Wide Cryptocurrency to Facilitate Trade Amid Western Banking Constraints

Iran Proposes SCO-Wide Cryptocurrency to Facilitate Trade Amid Western Banking Constraints

Author:

Global Cryptocurrency

Published:

2025-11-19 18:48:02

15

3

BTCCSquare news:

Iran has formally proposed the creation of a shared cryptocurrency for member states of the Shanghai Cooperation Organization (SCO), aiming to streamline cross-border trade and reduce reliance on Western financial systems. First Vice President Mohammad-Reza Aref presented the plan at the SCO Heads of Government Summit in Moscow, emphasizing the digital asset's potential to accelerate settlements and enhance transparency.

The initiative targets China, Russia, India, and seven other SCO nations, framing the cryptocurrency as a tool to circumvent global banking delays. Aref concurrently advocated for establishing an SCO Development Bank and upgrading interbank messaging systems to strengthen regional financial infrastructure.

By:

Goldman Sachs President Warns of Further Stock Market Declines Amid AI Investment Concerns

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.