According to CoinWorld.com, on March 17th, US local time, the US and Iran remotely signed a memorandum of understanding, which was personally signed by Trump and is now in effect. Iranian Foreign Ministry spokesman Bagaei stated that negotiations on nuclear issues and sanctions will begin within 60 days of the memorandum's entry into force. Prior to the signing, the US and Iran released the official text of the memorandum of understanding, in which Iran reiterated that it would not acquire or develop nuclear weapons, and both sides agreed to conduct on-site dilution of Iran's enriched uranium under the supervision of the International Atomic Energy Agency.