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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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 particular for those seeking to utilize the internet and community with the rest of the world, Iranians have found a way around onerous authoritarian restrictions through the Bitcoin currency. Last year, Bloomberg Businessweek pushed out an....
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....
In a turbulent 24-hour trading session, the cryptocurrency market saw nearly $200 million wiped out in liquidations as Bitcoin price dropped below $61,000. This sharp decline triggered a wave of liquidations, affecting many investors and traders. Market Meltdown And Crypto Liquidation The total market valuation has plunged by approximately 2.7% to around $2.34 trillion, underscoring heightened volatility and market stress. Related Reading: Bitcoin Price Drops Below $60,000: Key Reason Explained Bitcoin, leading the downturn, shed 1.3% over the week, with a steep 2.8% drop recorded in the....