Topic: Iran And Bitcoin Adoption (Read 284 times)

Not wrong, it's just that a lot of things have changed over the past couple of years.

Iran first saw a huge surge of miners (roughly 2018 to 2021), many of which weren't Iranian and they were illegally mining bitcoin (without licence, not paying any taxes, and worst of all some were stealing electricity so they weren't even paying for that). The video is also from the same period.

Then for the first time Iran experienced an electricity supply crisis that caused blackouts across the country. It had many reasons but one of them were the hashrate surge which forced the government to crackdown and shut down lots and lots of illegal miners.

Slowly things started to change and we had another election as previous government term ended and the mining regulations were solidified too, specially after the new Energy Minister managed to solve the electricity supply issue so they started issuing more licenses to crypto miners, but this time they are trying hard to avoid the same unregulated mess that could lead to unpredictable pressure on national grid.

Finally I should add that although there may be cases I don't know of (like actual Chinese owned mining farms inside Iran) but the most reliable news I can find is from the Ministry of Industry, Mine and Trade that clearly states "no license were given to foreign companies so other countries don't have any direct involvement in mining, but indirectly they can invest in Iranian companies that accept foreign investment". This is a bit old but I haven't seen any changes in the regulations.

This must have to do with their culture.  I think their culture includes being a rebel too when necessary.  Bitcoin is meant to be a revolution or the Rebel's way out of our traditional system so I see a psychological connection and attraction.  May be just me.

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Regards,
PrivacyG

I do not think that the Iranian government encourages the use of bitcoin and encrypted currencies, the Iranian government, like all governments, wants central and does not want to take control of its hand at all.

But, according to my information, yes, the Iranian government is secretly using Bitcoin to avoid the US and Western sanctions imposed on it. I saw a report on this on one of the TV channels that support Iran.

The Iranian government uses bitcoin to run its interests, but it will not formally adopt bitcoin, as I think, and there will be no laws that allow citizens to officially deal with bitcoin.

I probably don't know all of the details for that deal, but you make a valid point ^{[I should've taken it with a grain of salt]}

I thought there might still be a few left ^{[e.g. an old video from RHY (the car in the background has an Iranian plate number) or Lubian building a mining farm in there]}, but it appears that I was wrong.

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If my own country could lift the ban on crypto activities and make it legal like Iran by issues license to individuals to own mining farms and even with the government involving in the mining too making the country a crypto mining county like Iran is doing then it would have been good business for crypto (Bitcoin), knowing fully well that this will attract foreign investors into the industry too. But in this case the government is not involved neither is it giving licence to her citizens under regulation's. For me it doesn't matter how much portion is under the government influence or control so long as individuals are licenced to owning a mining farm too.

Like South Korea that run hacker teams to hack cryptocurrency projects and use it to fund their army programs. They did not publicly say that and did not make cryptocurrency, Bitcoin legal tender but they did it for their governments.

I agreed that governments in those countries are not stupid to say it is legal to use Bitcoin, cryptocurrency to their people. They want to fear as many citizens as possible. If all of citizens access Bitcoin and cryptocurrency, their central bank fiat currency will have less demand from citizens.

Guys don't listen to this pooya dude, he's in bed with mullas every night massaging their ballsacks, Iran kills people and people in Iran want to free the pussy, them pussies wanna get air, they also want to make nukes to destroy Israel and USA. Anyone telling you they mine 8 or 10% is a lie, they invented bitcoin and currently are hosting more than 50% of total btc farms.
Now can you tell my lies? there are a few but the part about pooya and *teenagers wanting to free the pussy is the truth.


*=Partially true, not all them been brainwashed by the western corrupted way of life.
As they say Pussy, Life, Freedom! lol.

What you say is unfounded and biased, it would be impossible for Iran to become a world leading Crypto mining Country if it was still illegal to buy and sell cryptocurrencies in that country. You can see on this website, it is explained that Iran is in position 8, below Malaysia and Germany https://worldpopulationreview.com/country-rankings/bitcoin-mining-by-country


Instead of using Bitcoin, Iran is more interested in using the Russian financial messaging system to bypass Swift and it will be very likely to be implemented in the next few years if the west doesn't try to intervene in the agreement (https://www.thenationalnews.com/business/2022/03/24/iran-considers-joining-russian-financial-messaging-system-to-bypass-swift/).

The adoption in the country is partly driven by the pursuit to bypass sanctions and inflation. Although thier country has changed its stance in banning crypto since 2018, there is still no clarity of laws about BTC.

Governments do not openly say BTC is free to be used by its citizen but there are growing merchants and users in the country afaik. There are also exchanges operating in the country but despite all these, using BTC will still be risky. You do need the government's clarity of their laws.

Bitcoin adoption in Iran can benefit their government than their citizens. Iran can avoid international sanctions and have income for their nuclear power, weapon development and trial programs.

Their announcement does not mean anything because they can accept Bitcoin silently.

Their citizens can use Bitcoin without acceptance from government and announcement of adoption or legal tender in future.

You don't need government allowance to use bitcoin.

You'd be surprised how many of such people supposedly exist. I know a guy who used to say that his dad works in the Parliament, I recently saw his dad and while we were talking it turned out he is a taxi driver who works in the same street/area as the Parliament

Although existence of a government owned mining farm is not unlikely but I haven't seen anything reliable.

There are not Chinese (etc.) mining farms in Iran. There are Iranian companies involved in mining that have sold some shares to investors from other countries including China.

I completely agree, but I wasn't referring to issuing licenses and the regulation part ^{[I should've been clearer (my bad)]}... A friend of mine who had a somewhat small mining farm was approached by those that were working for someone who had a certain position in the previous government ^{[at the time]} to buy his rigs and all of those are now part of a larger farm ^{[he was told, that wasn't the only farm owned by that particular person and their colleagues]}.
^{- Personally, I wouldn't be surprised in seeing the government having some stakes in some of the Chinese farms in Iran.}

Iran is not the only country suffering from economic action by the USA and recently we see the worst situation is Russia they cannot do their normal trades with other countries while they can have bitcoin but bitcoin still doesn't have enough potential to save the country their income just by using bitcoin, however, this can be a good help for them but cannot solve the problem completely.



Paypal and other payment systems are not available in Iran but there is the same situation in many other countries if bitcoin can help Iranian people this can also help many other people all over the world when they cannot have access to these payment methods so that's not coming to be discussed only about Iran.

To be "leading crypto mining country" more than 4.5% of hashrate is needed. Although 4.5% is questionable and the truth is the real stats are unknown. It is a growing industry though and I personally speculate it is about 10% of bitcoin mining hashrate these days.

Issuing license for mining farms and regulating the mining industry is not the same as being under "direct influence/control" of the government. Any decent country has already applied regulations to such a massive industry specially when it has the potential of putting a lot of pressure on the national electrical grid.

Such lists are never reliable, unfortunately. They usually use the news in the media to build their lists which is always wrong.

Please don't spread lies.

Majority of the banks around the world have issued such bans. A lot of US banks have banned purchasing cryptos over the years too!
Mining, owning and even trading bitcoin are legal in Iran though. But for mining you have to apply for a license which is a simple process that practically costs nothing.

Iranian government is executing people for protesting against a mandatory headscarf for women. Do you really believe such oppressive government would be okay with people using a currency that can't be controlled by them? Iranian government would only allow the use of Bitcoin that is beneficial to the government and nothing more.

I thought the highest concentration of hash rate was from United States, to be honest. Still I am aware Iran does have some non-neglectable mining power.
The adoption in Iran would be more about of finding ways to fight repression and an authoritarian government, if a ruler is willing to execute his people because protesting, I think he would not have much problem on freezing assets and seizing bank accounts , etc.

This should be one of the leading crypto mining countries since the USA is the leading country, and next to it is Kazakhstan after China banned crypto mining. While Iran is number 8 in the ranking. This simple mistake can twist any facts unintentionally.


Checking the adoption Index[1] Iran isn't even on the list. I agree that the lack of access to bank transactions from one country to another may lead to cryptocurrency adoption but it does not testify that Iran is leading in Crypto and Bitcoin adoption.  In fact, statistics don't even mention Iran on the list of top countries in crypto adoption index.

Mostly Iran uses cryptocurrency to evade US sanctions[2].

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[1] https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/
[2] https://www.arabnews.com/node/2199431/business-economy

Despite being in the top 10, I wouldn't label them as a "world-leading country" in this specific field!

It's worth mentioning that a large portion of this number is under the direct influence/control of their government and that means it has a negative impact in various ways!

They don't ^{[nobody does]}...

• Quote from: KFC786 on January 07, 2023, 11:24:16 AM
  and they are investing at very hard rate.
  
  If you take their government out of the equation, then it significantly reduces that rate.

Iran is world leading Crypto mining Country. There is study showing that Bitcoin mining rate in Iran is nearly 4.5% in whole Bitcoin world. And there are reasons behind this and they have revenue of more than 1 billing dollars and that's just insane. In my opinion these reasons are described below.
1. There are Heavy Restrictions on Iran From America and that's why Iran needs a lot of new sources of income and payment gateway.
2. Irani People knows how Kuch Bitcoin worth in the future and they are investing at very hard rate.
3. Iran is leading in Crypto and Bitcoin adoption due to fact that they cannot make Bank transactions from one country to other and they need such alternative gateways and Bitcoin and other such alts can provide them.