RATE Group | Students in the UK are trying to get around sanctions by using cryptocurrency
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Students in the UK are trying to get around sanctions by using cryptocurrency

18 Dec Students in the UK are trying to get around sanctions by using cryptocurrency

Posted at 09:09h in Cryptocurrency News by

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Iranian students, taking courses in the UK, are struggling to find the funds to pay their tuition as Donald Trump’s sanctions begin to bite.

American President Donald Trump has recently re-imposed sanctions on the nation of Iran, and it’s having a knock-on effect for Iranian students studying elsewhere in the world. In the UK too.

The issue is one of finance. That the sanctions mean families are struggling to move their money out of Iran to help fund the students who are studying overseas, or even get bank accounts up and running.

The American sanctions have restricted money transfers, and it’s led to some students having to travel home simply to physically pick up the money they need for their tuition, else risk being thrown off their courses for non-payment.

There is proving to be another way around, too. As per a report in The Guardian, a growing number of students in the UK are looking towards cryptocurrency as a way to simply move money from one country to…

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