Tag: Iran

  • Are Trump’s sanctions on Iran causing bitcoin and gold to surge?

    Are Trump’s sanctions on Iran causing bitcoin and gold to surge?

    It’s something of an understatement to say that the relationship between the USA and Iran has been a little strained recently. In fact, due to the rising tension – as well as the military action which took place – the USA made its position clear by imposing sanctions on Iran directly on January 10th 2020.…

  • Iran Crisis helping Bitcoin

    Iran Crisis helping Bitcoin

    As tensions between the USA and Iran continue to escalate, a surge in the price of Bitcoin and other cryptocurrencies has been observed. The value of Bitcoin has risen by approximately $600 since the USA assassinated Qassem Soleimani, bucking a noted downward movement that started before Christmas. Since the assassination, there was a state funeral…

  • Us-Iran Disengaged Nuclear Deal May Make Bitcoin More Attractive

    Us-Iran Disengaged Nuclear Deal May Make Bitcoin More Attractive

    The aftermath of the disengaged nuclear deal between Iran and the United States has been a rough one for Iranian national currency, making people anxious and see cryptocurrency as a better option to rely upon. The stemming of nuclear deal with Iran by Donald Trump early this month has been a traumatic incidence for the…

  • Iran’s central bank declares ban on banking institutions using Bitcoin

    Iran’s central bank declares ban on banking institutions using Bitcoin

    The Iranian central bank banned domestic banks and financial institutions from engaging in cryptocurrency transactions. Iran has been steadily raising concerns about money laundering, but this is the first time official measures have been taken. Iran’s state-run news agency IRNA said, “It prohibits the purchase, sale and promotion of cryptocurrency for banks, credit institutions and…