Iran accepting cryptocurrencies to avoid US Dollar

[TopT3ns]

It's a positive news that Iran accepting cryptocurrencies as their alternative for US dollar. Iran might be an example so that other country will also accept and patronize cryptocurrency. Hassle free and there's no manipulation.

well, I really agree with what you say because by using cryptocurrency transactions between countries become easier and of course that way will make transactions faster and more efficient and very clear bookkeeping will be the superior value of cryptocurrency, hopefully more and more countries will accept payments using cryptocurrency and can have a good impact on the price movements of all coins on the exchange.

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[pankowri]

Due to the sanctions by USA for prohibiting Iran to use USD in international trade, Iran has accepted the use of cryptocurrencies. I am not sure what the right way is to handle Iran but blocking Iran will only make Iran more motivated to use other sources like cryptocurrencies.

What will the next move us USA you think?

Read this article:
Iran Passes Law to Legalize Import Funding Using Cryptocurrencies

In the contemporary world, it is a matter of control on their own which means they have the power and they are exercising it to a weak one. Mostly it happens from a superpower country. The USA is trying to make a block in the middle east and the main problem is here to get a counter from Iran. That's why they are trying to stop Iran in many ways. This is one of them and it will continue. That's why Iran is doing many things to counter and accepting crypto currency is needed to avoid us dollar.

[The Sceptical Chymist]

The USA has been the largest bully of them all in contemporary times although in a much subtle way compared to China.

I'm an American, and I wouldn't dispute the above statement--and the US has been a global bully for many years unfortunately.  It's sad that our government takes all the actions it does, from military intimidation to trade sanctions, but there's very little the average citizen can do to stop them from doing all of that--just like trying to eliminate the death penalty.  Change takes place at a snail's pace.

As far as Iran's plight goes, things may change if Biden wins the election (which looks pretty likely at the moment).  I get the sense that he'll try to undo a lot of what Trump did during his shameful four years as president, so hopefully the US's relations with countries like Iran, China, and others will improve.  I have my fingers crossed that this is the case.

[DooMAD]

As far as Iran's plight goes, things may change if Biden wins the election (which looks pretty likely at the moment).  I get the sense that he'll try to undo a lot of what Trump did during his shameful four years as president, so hopefully the US's relations with countries like Iran, China, and others will improve.  I have my fingers crossed that this is the case.

Unless I'm remembering incorrectly, I'm sure some of the sanctions on Iran were introduced during Obama's terms in office.  It's not just a Trump thing, reprehensible though he is. 

That said, I'm also reading that Obama withdrew a whole bunch of sanctions as well.  Hopefully you're right and Biden will do something similar.

[Dragonfund]

Don't hate the message but you may hate the messenger if necessary. Trump made mistake by making attack on Iranian high profile person, ally turn enemy and now they want to d9 anything to cut away from US economy. Cryptocurrency adoption is win for everyone but making an individual mistake for everyone is really bad. There are thousands of Iranian living in America in a symbiotic relationship.

China and US trade war has always been something of discussion but because of mutual benefit they both enjoy, they always come in good terms. This happens with OPEC too.

[STT]

I thought at the start of 2020 before the giant pandemic distraction that Trump was about to act heavily against crypto in some tax or possibly harsher action.    That might explain the Biden likely result timing with BTC rising alot at the moment right now, could just be coincidence.   I think this Iran story and the desire to control capital flows via the dollar would explain the possibility of action against crypto but its part of the wider story that backing such as oil sold in dollars is fairly vital part of the global reserve system staying with dollar.    
   At this moment in time I dont believe crypto is large enough to float Iran as a state in its various trading deficits or surplus, they have giant amounts of oil and that'll be the first recourse for alternatives to FIAT.

[SquallLeonhart]

I thought at the start of 2020 before the giant pandemic distraction that Trump was about to act heavily against crypto in some tax or possibly harsher action.    That might explain the Biden likely result timing with BTC rising alot at the moment right now, could just be coincidence.   I think this Iran story and the desire to control capital flows via the dollar would explain the possibility of action against crypto but its part of the wider story that backing such as oil sold in dollars is fairly vital part of the global reserve system staying with dollar.    
   At this moment in time I dont believe crypto is large enough to float Iran as a state in its various trading deficits or surplus, they have giant amounts of oil and that'll be the first recourse for alternatives to FIAT.

I believe the fact that Biden will be giving a lot more money to regular people versus companies is the main reason why bitcoin might have gone up. If you saw it clearly, price wasn't going all that great when it was Trump that looked to be winning, the moment Michigan changed and some places showed that it is possible to turn to Biden, bitcoin started to go up which I assume is the main reason.

Biden will be giving a bit more money to people compared to Trump, obviously we still have lame duck period where we don't know what will happen but the moment Biden becomes the president we are going to see a stimulus check that will be painted towards people and not companies and a bigger check versus Trump that will have smaller stimulus package that is filled with paying huge corporations and very tiny to regular people.

[BuNga_cute]

The United States may provide sanctions to Iran by prohibiting the use of USD for international trade, but the existence of cryptocurrency
allows Iran to continue to conduct international trade. Because cryptocurrency cannot be controlled and is neutral, it does not take sides.
And the American government cannot do anything to stop Iran from using cryptocurrency, I'm glad that cryptocurrency can save Iran.
In this way it can avoid economic pressure from America, because now there is no need to rely on the USD. It turns out that cryptocurrency
can provide freedom to the countries that adopt it.

[DrG]

The USA has been the largest bully of them all in contemporary times although in a much subtle way compared to China.

I'm an American, and I wouldn't dispute the above statement--and the US has been a global bully for many years unfortunately.  It's sad that our government takes all the actions it does, from military intimidation to trade sanctions, but there's very little the average citizen can do to stop them from doing all of that--just like trying to eliminate the death penalty.  Change takes place at a snail's pace.

As far as Iran's plight goes, things may change if Biden wins the election (which looks pretty likely at the moment).  I get the sense that he'll try to undo a lot of what Trump did during his shameful four years as president, so hopefully the US's relations with countries like Iran, China, and others will improve.  I have my fingers crossed that this is the case.

When China invades Taiwan, if the US looks the other way then relations will improve. You think Trump did the trade war for no reason? WW3 has started. India, Taiwan, Japan, S. Korea, Philippines and Australia know who the enemy is in their territorial waters. If Biden looks the other way as did Clinton, Bush, Obama then China will play nice with the US while holding stacks of USD reserve. Considering Joe was the one who announced the $535 million Solyndra free money grab I doubt he has the acuity to counter China.

[7788bitcoin]

Biden will be giving a bit more money to people compared to Trump, obviously we still have lame duck period where we don't know what will happen but the moment Biden becomes the president we are going to see a stimulus check that will be painted towards people and not companies and a bigger check versus Trump that will have smaller stimulus package that is filled with paying huge corporations and very tiny to regular people.

So they will be printing out more money and will we be seeing a situation where the inflation gets out of hand and the entire economy crumbles. Handing out money will not solve any problem, they need to create jobs and business if they are looking to sustain. I am not following the policies each of these candidates follow but i think Biden is not corporate friendly and that too can have an impact in the long term.