06-04-2020, 04:33 AM
Crypto Adoption Spotlight: Iran
<!-- SC_OFF --><div class="md"><p>Iran's parliament discussed Bitcoin yesterday, with a representative urging the rest of the govt to "take Bitcoin seriously, because if it can be managed, it can be a good opportunity for the country." </p> <p>Though this statement may not seem like much, it comes on the heels of months of progress made by Iran's government in terms of crypto adoption. </p> <ul> <li>Earlier this year, a bill was proposed which regulates crypto exchanges. Though regulation has its downsides in terms of privacy, a regulated onramp makes it easier for consumers to trust and adopt Bitcoin.</li> <li>Iran recognized cryptocurrency mining as an official sector of its economy and has issued over 1000 permits for companies looking to set up mining operations in Iran. State-subsidized electricity under 1 cent makes Iran a particularly attractive place for miners. </li> </ul> <p>Iran has encouraged the use of crypto-assets as a way to skirt around US-imposed sanctions. No matter the underlying reasons, Iran is taking a proactive approach to crypto, which is good in the grand scheme of things. </p> <p>If you'd like more details, check out this quick <a href="https://ryze.substack.com/p/ryze-recap-63-iran-doubles-down-on">article</a> I wrote.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Iran's parliament discussed Bitcoin yesterday, with a representative urging the rest of the govt to "take Bitcoin seriously, because if it can be managed, it can be a good opportunity for the country." </p> <p>Though this statement may not seem like much, it comes on the heels of months of progress made by Iran's government in terms of crypto adoption. </p> <ul> <li>Earlier this year, a bill was proposed which regulates crypto exchanges. Though regulation has its downsides in terms of privacy, a regulated onramp makes it easier for consumers to trust and adopt Bitcoin.</li> <li>Iran recognized cryptocurrency mining as an official sector of its economy and has issued over 1000 permits for companies looking to set up mining operations in Iran. State-subsidized electricity under 1 cent makes Iran a particularly attractive place for miners. </li> </ul> <p>Iran has encouraged the use of crypto-assets as a way to skirt around US-imposed sanctions. No matter the underlying reasons, Iran is taking a proactive approach to crypto, which is good in the grand scheme of things. </p> <p>If you'd like more details, check out this quick <a href="https://ryze.substack.com/p/ryze-recap-63-iran-doubles-down-on">article</a> I wrote.</p> </div><!-- SC_ON --> Kind Regards R