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Author Topic: Iran could adopt bitcoin "as early as possible"  (Read 511 times)
bitbollo (OP)
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November 02, 2017, 09:28:31 PM
 #1

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.

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November 02, 2017, 09:44:35 PM
 #2

There's something fishy about this. The Iranian source is here:

http://ifpnews.com/exclusive/iran-preparing-infrastructure-bitcoin-adoption/

and it says: “Arrangement are being made with the related organizations to put together the infrastructure as early as possible.”

I don't imagine what those organizations are. Nor what is the infrastructure. Even setting up a network of nodes doesn't require much. Or do they want to get into mining? More information is clearly needed.

I used to be a citizen and a taxpayer. Those days are long gone.
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November 03, 2017, 04:46:08 AM
 #3

This is quite ambiguous not seen any major govt. Adopting bitcoin as currency and now all of a sudden Iran a not such developed economy wants to make bitcoin official currency? I doubt the authtenticity of the news.
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November 03, 2017, 05:10:47 AM
 #4

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.


Iran wants to feel important in international arena. There is Turkey next, after Iran. The Middle East wants to remove old mistakes and delays.
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November 03, 2017, 05:22:19 AM
 #5

the thing is, the adoption of bitcoin went to the moon in Iran in the past year. everyone is talking about it, trading it and buying bitcoin and altcoins. now that this much money is involved suddenly and in a short time, the government is thinking about looking more into bitcoin.

so far the official statement was "bitcoin is a digital cash" and not much talk about any regulation or taxes or anything like that. but it was legal and was being traded.
now central bank is saying bitcoin should be "commodity" and be considered something under the Stock Exchange and under their supervision (or whatever the hell that means).

I don't imagine what those organizations are. Nor what is the infrastructure. Even setting up a network of nodes doesn't require much. Or do they want to get into mining? More information is clearly needed.
it means they are looking into it to decide what to do since they know they can not ban bitcoin.
i doubt there will be any mining though ..

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rjbtc2017
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November 03, 2017, 05:23:05 AM
 #6

The article seems incomplete, but they might build infrastructures for Bitcoin mining since Iran has a natural gas reserves and also has crude oil reserves which means they can use these to provide energy to support Bitcoin Mining. Does the article has any other sources or any other news about Iran's plan on Bitcoin?.
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November 03, 2017, 06:06:34 AM
 #7

A kind of worry, I hope iran does not politicize bitcoin. so bitcoin is considered a means for committing crime and terrorism.
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November 03, 2017, 06:19:26 AM
 #8

Iran's geo political situation is entirely different from other countries.
Iran has already suffered a lot due to US sanctions and its economy has been very much affected due to it.
In such a situation,bitcoin has arrived as a blessing to iran.
Iran has already been discussing about using bitcoin to bye pass US sanctions.
Now,it has started to take initial steps to adopt bitcoin.
If iran adopts bitcoin,then US sanctions would have no effect on iran's economy.
Very soon,it could join the main stream of development.

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November 03, 2017, 06:36:27 AM
 #9

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.


2017 bitcoin year continue to become famous worldwide and surprisely bitcoin keep increasing as first digital cryptocurrency, another success for bitcoin iranian government adopting bitcoin as currecy maybe i next 2 years bitcoin adopting by whole world as currency, but need to be carefull if bitcoin totally adopt by iranian government because we should that country are location of the terrosm.

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November 03, 2017, 06:38:06 AM
 #10

I definitely hope so. Iran has had a rough decade, so getting into btc would be great for them!
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November 03, 2017, 07:07:50 AM
 #11

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.
But there are still few countries that are banning bitcoin trading. I find banning trading of bitcoin completely useless as people can easily trade bitcoin without getting into government's sight through peer to peer platforms like localbitcoins.

Those countries might also uplift their ban on bitcoin trading when there will be enough infrastructure or guidelines developed by other countries which they can just copy and paste.
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November 03, 2017, 07:33:29 AM
 #12

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.


That' awesome. Usually, when governments talk about Bitcoin, it's usually about crafting regulations or about warning its citizens of its use. It's a breath of fresh air because they're actually preparing their country for mass adoption.

As for the infrastructure necessary, what could those be? Better mobile internet connectivity? I don't think there's anything special and Bitcoin-specific that needs to be done.

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November 05, 2017, 02:07:58 AM
 #13

I hope not, they were responsible for terrorist attacks in my country, anything related to Iran is bad publicity here
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November 07, 2017, 10:47:30 AM
 #14

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.

Well some Muslims countries have accepted bitcoin in early stage and I’m sure that all the gulf states will accept bitcoin soon because everyone need bitcoin and I’m sure they will not only accept bitcoin but they will also make it legal in their country so let’s see the new coming courtiers so we need to welcome all new countries who to be a part of bitcoin.
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November 08, 2017, 07:58:34 AM
 #15

A few sources say Venezuela may adopt bitcoin as their official country. Experts say that Venezuelan inflation could go as high as 1,600%, leaving many people without basic necessities. As the value of hard currency changes drastically—and often—there are a few developing or recession-hit countries finding Bitcoin as an innovative solution. Zimbabwe also. It will be interesting to see the adoption of cryptocurrencies by different governments. I'm personally on board, it's certainly better than banning it.
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November 08, 2017, 08:23:24 AM
 #16

The Iranian government has been conducting research into the economic and infrastructural aspects of preparing for bitcoin use in its country. According to the ministry of information technology, “arrangements are being made” to put together the infrastructure for the digital currency “as early as possible.”

https://news.bitcoin.com/iranian-government-bitcoin-use/
I found this new here, if you want read more about it...

We are facing a truly "golden" age for bitcoin. I guess more and more country will adopt bitcoin as part of their IT.


The fundamental truth is that in this era of technological advancement, virtually all the countries are kept up to date concerning current happenings around the world and the opportunity for close to equal development is open if anyone can tap in. This is something that all the countries are considering not t be left behind even if the entire population is not ready for it, those who are ready will be carried along.

The difference in the countries, is that while some countries are announcing their efforts, others are setting up committees to look into the several efforts and road map to be adopted or not. But in all there will always be political connotations to every decisions that will be made.
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November 08, 2017, 08:38:07 AM
 #17

If the news is true that Iran is planning is to adopt bitcoin, then I am sure its price will rise further. Because it will give license for all Iranians to buy and keep bitcoins safely without any problems. But I doubt the authenticity of this news. I don't think middle eastern countries will accept bitcoin so soon .They will accept. But will take time for that. Recently even UAE also warned all cryptocurrency users in Dubai.

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November 08, 2017, 08:52:00 AM
 #18

This is a good step towards a digital economy and I hope this is all true. Maybe this country saw the benefits of having bitcoin I just pray that time will come that more country or even the majority of countries will start adopting the digital currencies especially bitcoin in their economy and bitcoin will become a legal currency of the world.

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November 08, 2017, 08:38:57 PM
 #19

I am glad for Iranians. They will get an access to the world finance market. For business creating Bitcoin infrastructure will not make sense in a short term period. But for people of Iran this is amazing possibilities!  Shocked
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November 08, 2017, 08:49:22 PM
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Quote
He went on saying the crypto currency has two aspects: Economic and infrastructural. “We as the main centre in Iran dealing with the country’s technology developments have taken very seriously the issue of preparing the infrastructure for the new currency.”

The Iranian official went on saying such digital infrastructure are part of the soft power of each country and said entrance of the currency into Iran will end up in the general interests of the country.

“Arrangement are being made with the related organizations to put together the infrastructure as early as possible.”

This is guy has obviously no clue what bitcoin is.
Probably some publicity stunt like their famous invisible aircraft that was actually an rc toy.

Infrastructure? What the hell is he talking about? There is no need for infrastructure, it's clear that somebody must go and check bitcoin wiki for a few days before giving interviews.

And the whole "soft power" thing is clearly propaganda.
Might be nice for Iran to adopt bitcoin, this guy won't be the one doing it.

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..PLAY NOW..
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