Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

[newshunter]

Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy.

Source: Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments

Would appreciate your opinion about this

[mlawson71]

They want their own crypto mines to work and they are endorsing those pretty heavily, so I am not surprised.

[Fenix]

That is, the bitcoin mined in Iran can be used for external payments, while the bitcoin purchased can not be used as a payment. It is difficult to understand both the logic of such an innovation and how to distinguish these bitcoins from each other in order to control such restrictions. Apparently, in practice this will be impossible to do.

[Richard_1]

I think that the ban on the use of cryptocurrency mined outside Iran is an ill-considered move by the government. It is impossible to trace and prohibit the use of cryptocurrency mined by other participants in the cryptocurrency market.

[Freemind]

I think that the ban on the use of cryptocurrency mined outside Iran is an ill-considered move by the government. It is impossible to trace and prohibit the use of cryptocurrency mined by other participants in the cryptocurrency market.

When the government of Iran does that it is because it wants to have full control over the currencies that are mined and the benefits that they can obtain. That way they could get a lot of money without fear of having competitors within their borders. This could start a "war" in which each country decides its economy without the need for external markets, commercial imports or exports.

[Gravatai]

For Iran, cryptocurrencies are the only way to get around the sanctions, so they will not give up cryptocurrencies. Yes, they can restrict some cryptocurrencies, but basically this area will remain and continue to develop.