BitPay apparently screened merchants but not customers.
Iran — also known as Persia or, officially, the Islamic Republic of Iran — is a sovereign state in Western Asia. Iran is one of the richest Asian countries, as it is the 18th economy by the volume of national production. In 2017, Bitcoin in Iran was considered as an alternative currency because the government wanted to ban U.S. dollars after the U.S. had imposed a ban on entry for seven Arabic states, including Iran. However, according to Iran’s Bitcoin regulation which were issued in 2017, work with cryptocurrency is prohibited for all financial establishments and exchanges. According to Iran’s central bank, cryptocurrency is used for the financing of terrorism, money laundering and making transactions between the criminals.
In a week that saw meme-driven investors rail against Robinhood in what coverage painted as a David and Goliath story, considerations of who exactly policy should defend flared up.57184
Rumors are circulating in Iran that authorities already have access to messages on WhatsApp, one of the few unblocked platforms in the country.12979
A country where Bitcoin once looked primed to flourish is now attempting to scapegoat the cryptocurrency.13692
By embracing crypto mining activities in the region, Pakistan and Iran may give other nations in the Middle East an example to follow.19881
Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities.7841
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.8568
It seems that the private sector is not satisfied with the country’s local fiat money.4674
China is not the only country that wants control of this highly coveted industry.6064
Iran is rewarding people who turn in crypto miners operating without a license.8423
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining.9839
According to Iranian authorities, power plants can mine cryptocurrencies like Bitcoin, but will not be able to take advantage of subsidies.14115
The “Mona Lisa of the 21st century” will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says.35634
Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says.7451
Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam.7337