Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
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....
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Lately, Bitcoin has been gaining momentum while the trading volumes have been growing like never before. Currently, China is leading the digital currency exchange Industry by having one of the largest concentrations of cryptocurrency exchanges and where the highest bitcoin trading volumes can be found. Most of the Chinese Bitcoin exchanges have large trading volumes. Besides the high trading volumes, some of the possible motivations leading newcomers to use Chinese exchanges are the low fees and other benefits (such as referral programs that offer up to 50%) which many Chinese exchanges....
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 […]
The director of the People’s Bank of China has said regulators will adopt a “forgiving attitude” to Bitcoin exchanges in the future. In a translated report reproduced by local news resource cnLedger on Twitter, Zhou Xuedong said that the PBoC would choose an observation period in which exchanges would be monitored. He also suggested regulation in China may follow, giving the example of a licensing scheme - something expected and supported by exchanges and the wider community. The update comes after a relatively quiet period in China as exchanges prepare to comply with recommendations from....
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....