RATE Group | Bitcoin craze hits Iran as U.S. sanctions squeeze weak economy – Iran
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Bitcoin craze hits Iran as U.S. sanctions squeeze weak economy – Iran

27 Jul Bitcoin craze hits Iran as U.S. sanctions squeeze weak economy – Iran

Posted at 22:40h in Bitcoin News by

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Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to digital currencies such as Bitcoin to make money, prompting alarm in and out of the country.

In Iran, some government officials worry that the energy-hungry process of “mining” Bitcoin is abusing Iran’s…

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