Bitcoin Forum
November 16, 2018, 05:21:33 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-05-09] $2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies  (Read 62 times)
maarx
Hero Member
*****
Offline Offline

Activity: 868
Merit: 517



View Profile
May 09, 2018, 04:07:33 AM
 #1

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin.

$2.5 Billion Capital Flight

Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, was quoted saying last week by Ibena.ir news agency:

Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.

https://news.bitcoin.com/billion-iran-purchase-cryptocurrencies/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

He previously told Isna newspaper that Iranians had transferred $30 billion out of the country over the few months ending March. “Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.

The chairman’s statement came on the heels of the Central Bank of Iran (CBI) banning banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

Citizens are so keen on investing in crypto but the authority is keen on banning crypto?

                 ▄███▄
                ███████░
               █████████▄
              ████████████
             ███████████▓▓▓░
            ███████████▓▓▓▓▓
          ░███████████▓▓▓▓▓░░░
         ░███████████▓▓▓▓▓░░░░░
        ░███████████▓▓▓▓▓░░░░░░░
       ░███████████▓▓▓▓▓░░░░░░░░░░
      ░███████████▓▓▓▓▓░░░░░░░░░░░░
    ░░███████████▓▓▓▓▓░░░░░░░░░░░░░░
    ░███████████▓▓▓▓▓░░░░░░░░░░░░░░░░
██
██
██
██
██
██
██
.............PayPal  of   Cryptocurrencies ...........
  Blockchain Protocol + 12 Working Modules - Use Crypto as Cash
██
██
██
██
██
██
██
...........Invest Now...........
     ▄████████████████████████▄
    ███████████████████████████▌
    ████████████████▀▀ ---¬█████
    ███████████████        █████
    ██████████████    ▄▄▄▄▄█████
    ██████████████    ▀█████████
    ██████████▌            █████
    ██████████▌            █████
    ██████████████    ██████████
    ██████████████    ██████████
    ██████████████    ██████████
    ▐█████████████    █████████
      ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌

    ██▄▄             ▄███▄
    ███████▄        ▄████████▄▄
    ██████████     ████████████▌
    ███████████▄ ▄████████████░░
    ████████████████████████░░░░
    ███████████████████████░░░░░
    █████████████████████░░░░░░░
    █████████   ▀▀███████░░░░░░░
    █████████        ▀░░░░░░░░░░
       ▀▀████             ░░░░░░
           ▀▀                 ░░
1542388893
Hero Member
*
Offline Offline

Posts: 1542388893

View Profile Personal Message (Offline)

Ignore
1542388893
Reply with quote  #2

1542388893
Report to moderator
1542388893
Hero Member
*
Offline Offline

Posts: 1542388893

View Profile Personal Message (Offline)

Ignore
1542388893
Reply with quote  #2

1542388893
Report to moderator
1542388893
Hero Member
*
Offline Offline

Posts: 1542388893

View Profile Personal Message (Offline)

Ignore
1542388893
Reply with quote  #2

1542388893
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542388893
Hero Member
*
Offline Offline

Posts: 1542388893

View Profile Personal Message (Offline)

Ignore
1542388893
Reply with quote  #2

1542388893
Report to moderator
jjacob
Legendary
*
Offline Offline

Activity: 1554
Merit: 1022


★Nitrogensports.eu★


View Profile
May 09, 2018, 04:41:14 AM
Merited by richardsNY (1)
 #2

With Trump reimposing sanctions on Iran, the Central Bank will discover the virtues of it's citizens holding cryptocurrencies. These new sanctions show how fickle the international banking system can be. All it takes is one man changing his mind to create chaos. The advantages of cryptocurrencies have never been so apparent.


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Lucius
Legendary
*
Offline Offline

Activity: 1232
Merit: 1074


Fortis Fortuna Adiuvat


View Profile WWW
May 09, 2018, 10:12:08 AM
 #3

It is quite understandable that people turn away from a centralized financial system and trying to invest their money in cryptocurrency.The logic of such procedures is quite clear, to save your money(fiat) from inflation and even profit in that process.It is funny that Iranian official say only few people use cryptocurrency in Iran and over 30 $ billion is used/transferred for buying same thing.So he is wrong or there is just few extremely rich Iranians who convert their wealth in BTC.

It is also funny what statements they give regarding local cryptocurrency,one minister say "experimental local cryptocurrency has been developed and a test model was ready" , and chairman of their parliament say afrer that "No virtual national currency has been designed in the country at the present time.”.Someone obviously does not speak the truth there...


   ███                       
   █████                     
  ███████                    
 ██████████        █         
  █████████      ████        
  ████████      ██           
     ██████    ██            
       ██████████            
            ██████   ███████ 
         █████  ██████████████
       ███ ███  ████████████ 
       ██ █          █       
      █                      
     █                       
.
                          ██ 
                       █████ 
                      ███████
           █        ██████████
          ████      █████████
             ██      ████████
              ██    ██████   
              ██████████     
   ███████   ██████          
 ██████████████  █████       
   ████████████  ███ ██      
    ██████          █ ██     
                        █    
                         █  




███           
██████        
████████     
██████████    
████████████ 
██████████████
██████████████
████████████  
██████████    
████████      
██████        
███           
.

██████████
██████████
██████████
██████████
.

          ████
        ██████
      ████████
    ██████████
  ████████████
██████████████
██████████████
  ████████████
    ██████████
      ████████
        ██████
           ███
Slow death
Hero Member
*****
Online Online

Activity: 1008
Merit: 622



View Profile
May 09, 2018, 11:39:41 AM
 #4

Their political regime does not allow their people to become free they do not have a good democracy, so this shows that the government is worried about itself and not with the possibility of someone in their country to use bitcoin for money laundering, countries like iran who make many enemies and constantly live espionage against the US and so many of their enemies will not accept bitcoin and altcoins, because they must have control of all their citizens, not to lose their power.

With Trump reimposing sanctions on Iran...

This time he had no reason to do this, I think he should not do such a thing.

act now
Member
**
Offline Offline

Activity: 155
Merit: 10


View Profile WWW
May 09, 2018, 06:05:12 PM
 #5

Of course, in conditions of uncertainty, people will buy cryptocurrency. Another thing is that in Iran  such activities are prohibited now(there was already news about it). But after Trump's  decision, this is nothing surprising...

           TWITTER ◣                        ☆☆☆✩✩✩✩ IAME ☆✩✩✩✩☆☆                        ◢ WHITEPAPERJOIN
                     WEBSITE ◣                         ☆✩✩Fragmented☆✩✩                         ◢ MEDIUM            ◢ AIRDROP
         TELEGRAM ◣                        ☆☆☆Identity☆☆☆                        ◢ FACEBOOK     ◢ NOW
aoluain
Sr. Member
****
Offline Offline

Activity: 630
Merit: 275


View Profile
May 09, 2018, 06:50:14 PM
 #6

With Trump reimposing sanctions on Iran, the Central Bank will discover the virtues of it's citizens holding cryptocurrencies. These new sanctions show how fickle the international banking system can be. All it takes is one man changing his mind to create chaos. The advantages of cryptocurrencies have never been so apparent.

Whoever bought crypto did so at the right time, they were given a few days warning
that Trump was going to pull out of the agreement with Iran and so creating a lot of
uncertainty in the region.

This move to buy crypto is a hedge against the oncoming uncertainty, great move

prehisto
Full Member
***
Offline Offline

Activity: 504
Merit: 107


View Profile
May 10, 2018, 10:09:36 PM
 #7

This is totally understandable.
What should people do when their own currency becomes almost worthless as monopoly money, such isolated country in a such a geo-political situation .
I would do the same, I would try to buy cryptos or valuables which ever is more accessible.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!