Iran to allow cryptos for international trade; IMF calls for global crypto regulation

Bitcoin briefly climbed above $US44,000 for the first time in a week as the most US inflation in four decades revives the debate about whether the cryptocurrency is a hedge against rising consumer prices. 2) A Tuesday report from the IMF highlighted the explosive growth of the crypto market over the past half-decade, with the market value of crypto assets rising from A$859 billion in November 2017 to almost A$4.15 trillion in November 2021. 3) Iran is contemplating to finalise a scheme that allows merchants to use digital currencies for international payments.

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