Topic: Iran also wants to legalize crypto - page 7. (Read 935 times)
El Salvador succeeded in being the first country to accept Bitcoin as legal tender. And many countries are following it right now (like Latin American countries). And now, Iran is also preparing to join them. It is really good to see for the benefit of Bitcoin adoption.
Just after El Salvador has made Bitcoin as legal tender in the country and making Bitcoin as reserve assest some other countries are also planning the same.As per the latest reports the next nation to join the list is Iran.They are planning to introduce legal framework for cryptos although the Bitcoin mining activities are suspended there just for four months due to electricity blackout.
Iranian President "Hassan Rouhani" has asked his government to start working on a framework to regulate cryptocurrencies like Bitcoin.He has warned residents also against unprofessional or scam projects and to stay away from them as he addressed the economic board meeting.
How will Bitcoin help them?Here are some of the facts:
With nearly 4.5% hasrate of Bitcoin mining Iran is one of the best place for miners along with cheap electricity and how amazing it is if government also allows usage of Bitcoin and other cryptos giving them legal status.They are solving their economic Conditions as well with Bitcoin which is main motive of most of the countries.
Source : Iran to legalize crypto like Bitcoin
So it's a another boost for btc becoming mainstream and adopted by government around the globe.
Iranian President "Hassan Rouhani" has asked his government to start working on a framework to regulate cryptocurrencies like Bitcoin.He has warned residents also against unprofessional or scam projects and to stay away from them as he addressed the economic board meeting.
How will Bitcoin help them?Here are some of the facts:
Quote
The US has imposed CAATSA (Countering America's Adversaries Through Sanctions Act) on the country, preventing American companies from doing business with sanctioned entities. However, the economic sanctions place Iran in a spot since companies allied to the west are bound to avoid it, creating a ripple effect that severely affects Iran's international trade.
The country also stands primarily disconnected from the global banking system as trade via the American dollar is restricted. It's widely known that the dollar is the de facto international currency and exerts maximum purchasing power. With such extreme conditions, Iran has open-heartedly welcomed the cryptocurrency revolution.
The country also stands primarily disconnected from the global banking system as trade via the American dollar is restricted. It's widely known that the dollar is the de facto international currency and exerts maximum purchasing power. With such extreme conditions, Iran has open-heartedly welcomed the cryptocurrency revolution.
With nearly 4.5% hasrate of Bitcoin mining Iran is one of the best place for miners along with cheap electricity and how amazing it is if government also allows usage of Bitcoin and other cryptos giving them legal status.They are solving their economic Conditions as well with Bitcoin which is main motive of most of the countries.
Source : Iran to legalize crypto like Bitcoin
So it's a another boost for btc becoming mainstream and adopted by government around the globe.
Jump to: