another country moving towards crypto

[bitterguy28]

Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets and underscored their potential to foster youth employment, boost economic assets, and counteract sanctions. The initiative reflects Iran’s aim to align with global financial trends and capitalize on the advantages of cryptocurrency innovation.

yet another country moving towards regulation of crypto instead of preventing any kind of use of it this is additional good news following bitcoin reaching $100k and i am sure many countries are now interested in crypto and would be reevaluating their stance they also most likely would not want to be left behind with usa looking really strong and determined to be a crypto friendly country

[Azharul]

Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets and underscored their potential to foster youth employment, boost economic assets, and counteract sanctions. The initiative reflects Iran’s aim to align with global financial trends and capitalize on the advantages of cryptocurrency innovation.

yet another country moving towards regulation of crypto instead of preventing any kind of use of it this is additional good news following bitcoin reaching $100k and i am sure many countries are now interested in crypto and would be reevaluating their stance they also most likely would not want to be left behind with usa looking really strong and determined to be a crypto friendly country

I think that you could be discussion a best opinion in your post. So i believe that it’s absulatly a best comment in this moment. We also know that crypto currency is one of the best valuable digital assets in cryptocurrency world. So i think every country want to enter into his country. Because it’s the best profitable source in modern world. So if we follow in cryptocurrency market we can see that many investors and traders also earned best profit from crypto currency market. So i am also believe that it will be best opportunity for earn huge profit in cryptocurrency market.

[target]

Iran been in the news in the previous years where they are mining BTC. The countries with cheap energy will rip the benefits such as Iran.

This time they are getting ready because US is also preparing to moving towards crypto in Trumps term. All country will also be moving to BTC when they see adoption in international trade now that there are tension in geopolitics every where.

[bayu7adi]

I don't know, but maybe other countries are considering the US president too, and Trump's term is only 4 years, while changing a country's regulations based only on the US election I don't think is a good move... because it's possible that the new president who will replace Trump will have different thoughts, and start changing the cryptocurrency digital currency regulations in the US... we don't know that because the future is really beyond our control.

If Iran really starts to see the potential of cryptocurrency, then that's good... at least cryptocurrency is no longer seen as a currency for criminals, because there is actually a positive potential from the existence of cryptocurrency that is not highlighted by the media that hates cryptocurrency.

[KryptoBull]

Iran been in the news in the previous years where they are mining BTC. The countries with cheap energy will rip the benefits such as Iran.

This time they are getting ready because US is also preparing to moving towards crypto in Trumps term. All country will also be moving to BTC when they see adoption in international trade now that there are tension in geopolitics every where.

Iran has been under economic sanctions for a long time due to their involvement in nuclear weapons, so they have always been looking for an alternative payment solution to the USD to avoid being affected by US bans. BTC is the top choice and Iran has seen this opportunity for a long time, they've approached BTC discreetly but with a grand plan.

Now that the US is about to accept BTC and reserve BTC for its federal budget, Iran has even more reason to accept crypto for its economy. Once the US has a legal framework for BTC, the global acceptance of BTC will increase and Iran can trade with the world more easily through BTC.

I'm not surprised by this news, but I also don't consider it good news for BTC because the US will find ways to restrict or flag BTC misused by the Iranian government for nuclearizing the Middle East. BTC will then face many new accusations

[yhiaali3]

I expect to see more countries move towards accepting Bitcoin or at least enacting more lenient laws on cryptocurrencies due to Trump’s victory in the US elections and the rise of Bitcoin.

As for Iran, I have heard for a long time that they are using Bitcoin to evade the sanctions imposed on them by the West and the US, but that was unofficially, but if Bitcoin is legalized officially, it will definitely be positive news for both Bitcoin and Iran.

[robelneo]

This is part of the domino effect or snowball effect of Bitcoin reaching another all-time high and the incoming president of the United States. After Iran, we will read more countries adopting or regulating instead of restricting cryptocurrency.
Its hard for a country to ban cryptocurrency at this point in time when everybody is talking about its price and how many sectors are supporting it, they cannot go against the wind.

[target]

This is part of the domino effect or snowball effect of Bitcoin reaching another all-time high and the incoming president of the United States. After Iran, we will read more countries adopting or regulating instead of restricting cryptocurrency.
Its hard for a country to ban cryptocurrency at this point in time when everybody is talking about its price and how many sectors are supporting it, they cannot go against the wind.

No one can bann BTC, even Putin knows it after a few tries of banning it. His allies knew crypto is also their way to make it while the international trades are getting fiercer due to sanctions.

News like this will be a bit weirder when North Korea adopts BTC because this would only mean they can make transactions to any country if both patry agrees.

[hugeblack]

There is a difference between digital currencies and cryptocurrencies and unless Bitcoin is explicitly mentioned, they are most likely referring to Central Bank Digital Currency (CBDC). I do not think Iran will change its position on cryptocurrencies and if it does, it may lead to negative results since many countries may start dealing with Bitcoin with caution.

[albon]

Iran's central bank has banned foreign cryptocurrency trading but is also encouraging bitcoin in the country. There are many countries that will rip off the facilities like Iran but almost every country is thinking about crypto. Crypto will play a role in international trade in the future so many countries want to continue with it. With the US trying to run with crypto in trump hype and many countries are now thinking deeply about it. As far as i know about 4.5 percent of the world bitcoin mining is done in Iran which can generate over a billion dollars in revenue.

[PX-Z]

It's still a plan, if i remember correctly they already mentioned this months or a year ago this starts when US sanctions them for several times.

[emmybd]

Well, crypto is the future. So, instead of banning crypto countries all over the world should focus more on regulating it. How can they move along with it. The sooner they realize, the better.

[Baofeng]

Iran been in the news in the previous years where they are mining BTC. The countries with cheap energy will rip the benefits such as Iran.

This time they are getting ready because US is also preparing to moving towards crypto in Trumps term. All country will also be moving to BTC when they see adoption in international trade now that there are tension in geopolitics every where.

Yes, this is no surprised as they have been mining for years already. And now that Trump won, they could used the popularity of him saying that they will used Bitcoin as national reserved.

And besides, we all know that they are still under sanctions so they could have used crypto to circumvent it.

[hugeblack]

Yes, this is no surprised as they have been mining for years already. And now that Trump won, they could used the popularity of him saying that they will used Bitcoin as national reserved.

And besides, we all know that they are still under sanctions so they could have used crypto to circumvent it.

There is no confirmation that they mine Bitcoin and selling Bitcoin is more difficult than selling oil and gas which brings them millions of dollars daily. The Bitcoin market is highly transparent and it is difficult to daily sell thousands of Bitcoin without anyone noticing.

[TomPluz]

Many countries are now changing their perception and stand on Bitcoin most especially when they learned that it is now in the vicinity of $100K and they are a little bit jealous of what happened to El Salvador even from the standpoint of an investor.

As one of the countries that experienced economic embargo imposed by many leading countries of the West, Iran has slowly realized the many benefits and use of Bitcoin for their economic development and ambition to be a regional powerhouse ahead of its declared and subtle enemies.

Bitcoin is beyond censorship and the country can be able to buy anything from the outside world with the use of Bitcoin shying away from the dollar in international commerce. No wonder it approved Bitcoin mining on a limited basis within geographic boundaries maybe they are looking to use the Bitcoin generated from the mining made within the country.

Of course, this can mean that Iran can probably be using Bitcoin to buy more war tools so it can take revenge at Israel in the near future. Therefore, Bitcoin can be a tool for peace and war depending on which side of the equation you are standing.