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Author Topic: Bitcoin legalized in Uzbekistan and Iran  (Read 1760 times)
GayOfThrones
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September 09, 2018, 10:14:05 AM
 #1

News have emerged in Bitcoin being legitimazed in Uzbekistan.
A decree has been signed that permits the existence of cryptocurrency exchanges and other activity surrounding the industry.
At the same time Iran's government is allegedly about to recognize Cryptocurrency Mining as Industry.

https://inc42.com/buzz/cryptocurrency-this-week-while-uzbekistan-legitimises-bitcoin-iran-recognises-mining-as-industry-and-more/

Which are your thoughts on that? I find the Iranian news especially interesting, as energy prices are very cheap in Iran.

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MoneyCryptor520
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September 12, 2018, 06:30:15 PM
 #2

It’s a great news for this market because people are Uzbekistan and Iran now they can use cryptocurrency. I believe bitcoin will change their economy in a positive way.
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September 12, 2018, 07:14:03 PM
 #3

This is a good news more countries are taking an interest in the market.The more people we have here the more investments will be made and will make the market better place.
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September 12, 2018, 07:39:50 PM
 #4

That's an amazing news. I firmly believe that every country in the world will one day adopt cryptocurrency sooner or later. Cryptocurrency being legalised in Uzbekistan is a significant news for the cryptocurrency community. Moreover, the Iran government has accepted cryptocurrency mining as industry. I think this is going to bring revolutionary change in the market.
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September 12, 2018, 07:43:22 PM
 #5

That's a great news! Uzbekistan government has permitted the activities of cryptocurrency exchanges. They has put some rules and regulations that the exchanges need to follow to operate in the country. Furthermore, the cryptocurrency mining is also accepted by Iran government and they are soon going declare the final policies and framework.
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September 12, 2018, 07:47:09 PM
 #6

It is a good indeed for the market to have as many countries on board as possible. At the same time, it states that the energy prices are low in Iran. It might be a good opportunity for the miners in that country and they can take advantage out of it.
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September 12, 2018, 07:49:26 PM
 #7

Bitcoin had a lot of negative news every day when going to 20K. But the price was still rising. Well, good news comes up every day nowadays, but the price is falling.

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September 12, 2018, 08:04:45 PM
 #8

More positive news coming around, the community is expanding. If you are still thinking that bitcoin is a bubble you should think again, bitcoin is taking over and there is no stopping it. Buy now and be happy in the future.
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September 12, 2018, 08:11:31 PM
 #9

I think this will be good news to be able to raise the price of bitcoin again Smiley
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September 12, 2018, 08:18:22 PM
 #10

Having bitcoin legalized in Uzbekistan is a good thing because it might help to improve the situation of the country and might also be able to eliminate the rich poor gap. At the sme time, Iran might be able to generate more miners because their energy is cheaper comapred to other parts of the world. So all in all, it is a good news.
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September 12, 2018, 08:23:42 PM
 #11

This is great news for crypto, if a strongly Islamic country is welcoming bitcoin then others will follow. Big whales in those countries will pump up the price so good time to invest

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September 12, 2018, 08:24:26 PM
 #12

This post will be better analysed and appreciated at the legal section. So you do well to take it there. However, is a very good news to the world, crypto hodler and the future.

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September 12, 2018, 08:41:31 PM
 #13

If Iran has low costs for energy, then they can utilize it for mining coins, since it requires a lot of energy. Costs will be saved and they will be able to get a good amount for rewards too. Also having Uzbekistan participate in the market is a good thing too. The more countries partake, the sooner it will be global.
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September 12, 2018, 08:46:05 PM
 #14

News have emerged in Bitcoin being legitimazed in Uzbekistan.
A decree has been signed that permits the existence of cryptocurrency exchanges and other activity surrounding the industry.
At the same time Iran's government is allegedly about to recognize Cryptocurrency Mining as Industry.

https://inc42.com/buzz/cryptocurrency-this-week-while-uzbekistan-legitimises-bitcoin-iran-recognises-mining-as-industry-and-more/

Which are your thoughts on that? I find the Iranian news especially interesting, as energy prices are very cheap in Iran.

If this news is real,it will make some positive changes in bitcoin world.We know the price of bitcoin is struggling in 6200-6300$ now. The news encourage huge investors to inverse their money in bitcoin and cryptocurrency.It will increase the demand of Bitcoin.As we know,if the demand for asset is increased.It will increase the price of that asset.Then the price of bitcoin will increase in short period.

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September 12, 2018, 08:50:11 PM
 #15

Besides of the downtrend of bitcoin and any cryptocurrency value and despite of lots of negative news, having a single positive/good news is enough to lift up to counter this bearish market. Though lot of positive news would be great too than a single one.

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September 12, 2018, 09:10:28 PM
 #16

These news are everywhere on the internet and the most amazing part is one of my friend who is not affilated with cryptos in any way asked me about this since the news of two countries suddenly legalizing cryptocurrency in there country has surely built up a lot of interest in him. Moreover, Uzbekistan has already cleared all the regulations of having tax on crypto earnings and providing better facilities for miners. It has definitely caught the attention of a large population.
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September 13, 2018, 04:03:51 AM
 #17

It is old and fake news, shame for the writer to post it without checking it.
The source of this news is these two stories "Bitcoin Hits $24,000 In Iran after Government Okayed Mining"& "Uzbekistan opens the door to Cryptocurrency Exchanges, Offers Tax Benefits"
The first news was falsified because of the difference in the dollar exchange rate in Iran "just as in Venezuela." This difference in price has led to a rise in the price of Bitcoin. You can read more here[1].
The second is the approval to set up platforms to impose more taxes.

[1] https://bitcointalk.org/index.php?topic=5017699.0

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September 13, 2018, 01:37:31 PM
 #18

If we dig into the near future, we can easily understand one thing that crypto currency will take bigger place than expected. In this scenario, internet says that, Rolls Royce is already started selling their cars with crypto currency in Uzbekistan,Iran and Australia. By taking some legitimate regulations, any country can gain more in this sector by legalizing this burning cyber economy system.
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September 13, 2018, 02:23:07 PM
 #19

Wow, That's a great news for both of the countries as they are always afraid of their economic condition which is always unstable. It will definitely help them to invest and get some profit through it in anywhere in the globe. This media will be more secure for them to go for.
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September 13, 2018, 02:41:11 PM
 #20

 Even Iran? wow this is a great news. even Islam fundamentalistic countries also realizing the value of bitcoin.  both of the countries always afraid of their economic condition which is always unstable. It will definitely help them to invest and get some profit through it in anywhere in the globe. good luck Iran and Uzbekstan.

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