Iran Authorizes Banks and Currency Exchangers to Use Cryptocurrencies to Pay for Imports
- Thread starter troubled soul
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Is this real? I mean is this the road Tehran really wants to go down?
It will only scare of foreign financial institutions from banking clients with crypto activity for fear of violating US sanctions. It may lead ultimately to very harsh due diligence around crypto money entering and exiting the banking system to ensure no connection with Iran sanctioned entities and activities.
Ultimately if this is real it could be a game changer for Iran. It could reduce some of the financial pressure sanctions has had on their economy.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
It will only scare of foreign financial institutions from banking clients with crypto activity for fear of violating US sanctions. It may lead ultimately to very harsh due diligence around crypto money entering and exiting the banking system to ensure no connection with Iran sanctioned entities and activities.
Ultimately if this is real it could be a game changer for Iran. It could reduce some of the financial pressure sanctions has had on their economy.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I believe they have no choice, no doubt they will set the bench mark on how to use crypto. No better test case than Iran for real implementation of crypto.
Careful don't speak facts you will upset people smi(&%.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I think then the Iranians are just winding up the US government or forcing them to move their hand. I personally wouldn't want to end up with BTC that passed through the wallets of the Iranian government. Neither would I want to operate an exchange or bank receiving such fiat from such a transaction 😳. You would be extradited and sat in a US jail cell before your feet touched the ground.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Probably if they cannot use bitcoin anymore they will start trading with opium lol
The world bifurcates as we are withnessing the us empire dying a slow (or not so slow, in case of civil war) death. I still bet on civil war in the us.
https://www.cnbc.com/2021/04/19/chi...stment-alternative-marking-shift-in-tone.htmlpls forgive me to quote fake news cnbc lol.
https://www.cnbc.com/2021/04/19/chi...stment-alternative-marking-shift-in-tone.htmlpls forgive me to quote fake news cnbc lol.
Come on, everybody knows that BTC is passe, the real store of value is Dogecoin
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