With the amount of conspiracy posts and posts that are neither serious nor discussions reaching another high in this board, I wanted to direct your attention to some very interesting current crypto-related events in Iran. Apparently Iranian citizens are turning to crypto to move assets out of the country, due to the sanctions and the Iranian currency Rial losing value. According to this article it's about $2.5 billion so far.
As unfortunate the whole thing is for Iranian citizens affected, I think it highlights even to a layman that crypto is not some kind of toy and in some cases even a more attractive way to store value than the currency of a country. A country with serious economic problems, but still, a country, with central banks and everything.
With lots of people basically being forced into crypto and having to rely on it for everything from storing their life saving to business dealings, I also think this might be some sort of use case for Bitcoin and crypto as a serious business currency. What do you think?
Topic: Iranians moving out billions in crypto due to sanctions - page 2. (Read 334 times)
Jump to: