Why is Iranian Bitcoin cheap (What is the currency called Iranian currency)?

Why is Iranian Bitcoin cheap? Why is Iranian Bitcoin cheap?Today, let\’s take a

Why is Iranian Bitcoin cheap (What is the currency called Iranian currency)?

Why is Iranian Bitcoin cheap? Why is Iranian Bitcoin cheap?

Today, let’s take a look together.

What is the currency called Iranian currency?

According to Iranian media reports, based on an official document released by Iran, the Iranian government and international organizations have been actively discussing the issuance of cryptocurrencies to evade sanctions in the past three years. However, there has not been much progress specifically in Bitcoin, and not many people have realized this issue because the Iranian central bank has always been extremely cautious about cryptographic assets.

According to the latest data from local blockchain company HashCIB, Iran has issued 600 million Iranian coins (equivalent to 300 million US dollars) so far, accounting for more than 10% of the global supply.

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