As the US President Donald Trump recently took a U-turn from the multi-nation Iran-US-EU nuclear deal and announced fresh Iran-related sanctions which might curb Iran’s oil business, Iran is reportedly working on its cryptocurrency to bypass the new economic sanctions posed by the US. Iran government’s official news channel PressTV reported quoting the department’s deputy head in charge of investment affairs Alireza Daliri that a fiat cryptocurrency development project is ongoing in cooperation with the Central Bank of Iran.