First Iranian Website Open to Iranians to Buy and Sell Bitcoin
Where authoritarian government control and restrictions on individual liberties appear to be the strongest, the Bitcoin community is still growing and in some cases thriving. Just this week Coin Ava launched as the first Iranian Website open for Iranians to buy and sell Bitcoins. While Iranian leadership is known for tight regulations on citizens in....
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Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims.
Iranians Said to Transfer $180 Million in Crypto Daily
Despite the lack of proper rules for most of the crypto space and the government stance on the matter, a growing number of Iranians have been investing in decentralized digital money over the past months and years. “An estimated....
Citizens of Iran now have their own bitcoin market website, CoinAva. The site aims to educate people about bitcoin and allow them to buy and sell the digital currency. A spokesperson for CoinAva said bitcoin isn't yet very popular in Iran, but said that once a few people start talking about it, its popularity will increase rapidly. "When something takes off here, every man and his dog will be totally into it," he said. He went on to say the Iranian government hasn't said anything specifically about bitcoin yet, but he believes it probably thinks digital currency is "another conspiracy of....
The discussion on rules that apply to Cryptocurrency in Iran has been ongoing for some time now. Fars News Agency reported that the popularity of cryptocurrencies among Iranians has grown significantly with the rising prices of decentralized assets in recent months. Due to the growing popularity of cryptocurrencies, Iranian lawmakers recently prepared new legislation to […]
Iranian cryptocurrency users claim to have used global exchange Binance months after a company-imposed ban and renewed economic sanctions against the country. Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country.According to an investigative report from Reuters, individuals inside the country continued to trade on Binance after the company itself had shifted Iran onto a blacklist of jurisdictions in which it would not operate.The use of the exchange by Iranians....
Even Iran's minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid. Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins.According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were likely to continue until early August, purportedly in line with Rouhani’s previously announced....