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2024-09-28 09:22:08

Ultimate Satoshi on Nostr: 39. Bitcoin and Financial Freedom: A History of Iran In Iran, economic sanctions and ...

39. Bitcoin and Financial Freedom: A History of Iran

In Iran, economic sanctions and banking restrictions have prompted many citizens to adopt Bitcoin as a means of circumventing government-imposed financial limits.

Bitcoin offers Iranians access to the global economy, enabling some to preserve savings or make online purchases where traditional financial systems fail.

However, Bitcoin mining has sometimes led to tensions with the authorities due to high energy consumption in a country facing electricity shortages.

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