Express

Iran Will Use Bitcoin In Response To U.S. Sanctions

Claudia Rivera

Summary: Earlier this month, the Trump administration sent a drone strike that claimed the life of Iranian General Qasem Soleimani (News BTC).  The Trump administration also enforced economic sanctions on Iran which affected the Iranian economy by 10-20%; because of this, Iran plans to evade sanctions with the help of Bitcoin and other cryptocurrencies. After the ...

Earlier this month, the Trump administration sent a drone strike that claimed the life of Iranian General Qasem Soleimani (News BTC). 

The Trump administration also enforced economic sanctions on Iran which affected the Iranian economy by 10-20%; because of this, Iran plans to evade sanctions with the help of Bitcoin and other cryptocurrencies. After the attacks, many Iranians rushed to buy Bitcoin through the website LocalBitcoins; Iranians claim using cryptocurrency is the only way currency could be passed out of the country.

By Claudia Rivera

Last Update:

Tags: ,,,,
Link: Iran Will Use Bitcoin In Response To U.S. Sanctions   [Copy]
Next:

Related Articles

  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 9 days ago
  • Is the Crypto Bull Market Over? 10 days ago
  • EIGEN Airdrop: The Evolution of Ethereum 11 days ago
  • The Endgame of Layer 2s, Explained 14 days ago
  • The Bitcoin Halving is Complete! What’s Next? 21 days ago

    • You need to login to comment.