How to buy bitcoin in iran 2020

how to buy bitcoin in iran 2020

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Crypto giant Binance has processed Iranian transactions with a value of $8 billion since despite U.S. sanctions intended to cut Iran. Unfortunately, due to the sanctions that exist in the global trading market against Iran, it is not possible to buy and sell bitcoins. Citizens of Iran now have their own bitcoin market website, CoinAva, to buy and sell bitcoins.
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Register Now. Atlantic Council. In , Iran recognized cryptocurrency mining as a legal industry in order to monitor and regulate the mining farms that were already operating. To learn more, download our new guide to sanctions compliance in cryptoassets. But since , and in exchange for providing cheap power to over a thousand locally based licensed miners from Iran, Turkey, China, and elsewhere, the Iranian government has required them to sell their cryptocurrencies to the central bank, which in turn uses this digital money to fund imports and exports.