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]
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 4 minutes ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 1 day ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 8 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 25 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025
  • You need to login to comment.