Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions

With U.S. President Donald Trump declining to renew a nuclear deal with Iran, citizens of the country are turning to Bitcoin. Iran is facing renewed sanctions from the United States which could signal the start of new economic problems. There are also reports that the Iranian government is looking to create a state-owned cryptocurrency. Impending Economic Troubles Fresh sanctions from the U.S. will adversely affect Iran’s exports especially oil which forms a considerable portion of … Continue reading Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions