It turned out that the Iranians sent $2.5 billion abroad to buy cryptocurrencies.
This news is based on US President Donald Trump’s announcement of the US’s lifting of economic sanctions against Iran in exchange for Iran’s nuclear power. It came a day after he announced that he would withdraw from the deal limiting his ambitions.
According to the Financial Tribune, a local news outlet, Mohammad Reza Pourebrahimi, Chairman of the Economic Commission of the Iranian Parliament, said that a minority in the country bought more than $2.5 billion in cryptocurrencies. Mohammad Reza Pourebrahimi also said, “The future of the world economy will be determined by digital currencies, but the use of foreign digital currencies, lack of transparency and supporting them. Due to the absence of an asset, it can cause serious dangers to the country in the banking system.”
Meanwhile, some people argue that cryptocurrencies are a viable way for Iran to circumvent economic sanctions.
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