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Iran Becomes First Country To Use Bitcoin As a Medium of Exchange

Iran Becomes First Country To Use Bitcoin As a Medium of Exchange

Following new sanctions by the United States Treasury Department earlier this week, Iran now hopes to use Bitcoin for cross-border settlements, local media reported Thursday. The Iranian government amended its crypto regulations so that miners can redirect cryptocurrencies to Iran’s finance mechanism for international trades as the country’s fiat currency continues to suffer from both the US sanctions and the coronavirus pandemic.








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