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A US analyst has said ‘a few billion dollars’’ worth of Bitcoin and altcoins may be making their way to Iran’s economy.
The governor of the Central Bank of Iran officially announced that the US dollar will no longer be used within the country.
The legality of Bitcoin in Iran is still unclear, as the local authorities continue to avoid addressing regulatory conflicts and frameworks in regards to Bitcoin trading, exchange operators and transaction settlement.
A significant chunk of mining pools has taken a fierce stand against Bitcoin XT; the largest currently operating bitcoin black market has decided to halt operations due to a Tor de-anonymizing vulnerability, and more news
The number of bitcoin merchants surpassed the 100,000 mark in 2015 and has grown across Europe and Asia due to the expansion of well-established bitcoin startups.
Bitcoin and sanctions--there is an interesting interplay between these two words. The word “sanction” is defined as “an economic or military coercive measure adopted usually by several nations in concert for forcing a nation violating international law to desist or yield.”
Persian Shoes, a company that has been making handmade footwear for more than 70 years, set up an online shop recently that only accepts Bitcoin.
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