in this episode we talk about the bad things append to the country while its commanders are using cryptos to keep going and fulfill their demands.
According to estimates by the Tehran Chamber of Commerce, about 7 to 8 million Iranians have assets in cryptocurrencies, with Bitcoin probably having the largest share compared to other cryptocurrencies.
Reliable statistics on the volume of Iranian citizens investing in the cryptocurrency market are not available, but Farzin Ferdis, a member of the Tehran Chamber of Commerce, told the Iranian Students News Agency (ISNA): "There are different scenarios for those who have bought and sold cryptocurrencies. "I think between 7 and 8 million Iranians probably have some cryptocurrency assets."
This member of the Chamber of Commerce mentioned the number of active user accounts in digital exchanges whose owners have also made purchases for others.
Mr. Ferdis said: "According to the announced statistics, there are 2.5 million accounts in these exchanges, and it seems that everyone who has an account in these exchanges probably buys and sells for those around him, because people have little knowledge to enter the exchange platform. They have digital currency. "
"Everyone probably buys and sells for about three people around them, which brings our argument to about seven million," he said.
With the devaluation of the rial in recent years and the intensification of strictures on the foreign exchange market, and on the other hand, the unprecedented growth of the currency code, many Iranian citizens sent their capital to this market.
Although there are reports of increased investment by Iranian citizens in the cryptocurrency market, activity in this market is ambiguous.
The legal status of cryptocurrency transactions in Iran is still unknown, and the Central Bank has not introduced authorized exchanges for their transactions.
Some time ago, even Sina, the CEO of Cryptoland, one of the largest cryptocurrency exchanges in Iran, was arrested on charges of "disrupting the economic system."
Of course, the intensification of dealing with cryptocurrencies has led to the outflow of capital from this country and turning to foreign agencies.
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Bitcoin Mining Farm in Iran
Image source, IRIBNEWS
Bitcoin Mining Farm in Iran
Mining bitcoins in Iran also requires a license, but many have also mined without permission due to the cheapness of electricity, and reports of the discovery of "illegal farms" have been published in the Iranian media.
Meanwhile, many foreign miners are operating in this field by setting up farms in Iran.
Iran’s lack of planning in this area comes as Iran sees cryptocurrencies as a way to circumvent sanctions.
"Economy can be circumvented by relying on technology. Cryptocurrencies have the ability to circumvent sanctions, but illegal extraction must be combated," said Farhad Dejpsand, Iran’s economy minister.
Iranian President Hassan Rouhani said yesterday (Tuesday) at a meeting of the government’s economic coordination headquarters: "We must find a solution as soon as possible to legalize the activity of currency cryptocurrencies and protect people’s capital in this area, and issue and announce the necessary laws and instructions." . "
The extraction of cryptocurrencies in Iran has been conditional on obtaining a legal license since 2009; however, many have done so without permission in private farms and "illegally".
Low electricity tariffs in Iran have led in recent years, in addition to domestic producers, non-Iranian miners, including the Chinese, to consider Iran a paradise for the production of this currency code.
Apart from China, Russia, Germany and Australia are among the foreign investors for bitcoin mining in Iran, which is said to be "working through domestic intermediaries."
In recent years, the production of bitcoin farms in Iran, which is owned by the Chinese, has increased; Haft Sobh newspaper wrote in a report some time ago: "Kerman Bitcoin Farm is the largest bitcoin mining center in the country and consumes 1.7 bitcoins per day with a consumption of 120 MWh of electricity, with a profit of about 1 billion and 330 million tomans."
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