Skip to main content

Iran: Crypto Adoption or Rejection?

posted onMay 29, 2018
by l33tdawg

A major benefit of Bitcoin and cryptocurrencies is the ability to send funds across the world far quicker than through conventional methods.

This allows people to bypass traditional foreign exchanges and international bank transfers, that can takes days or weeks to process the transfer of funds between countries.

It also offers a solution to millions of people that live in countries that are affected by international sanctions. The likes of Iran have had to endure the consequences of economic isolation for years, which affects the day to day lives of its citizens.

In 2015, Iran had economic sanctions lifted after the country agreed to dial down its nuclear programme to meet standards set out by International Atomic Energy Agency (IAEA).

Source

Tags

Industry News

You May Also Like

Recent News

Friday, November 1st

Tuesday, July 9th

Wednesday, July 3rd

Friday, June 28th

Thursday, June 27th

Thursday, June 13th

Wednesday, June 12th

Tuesday, June 11th

Friday, June 7th

Thursday, June 6th