Iran also wants to legalize crypto

[Ziskinberg]

Iran has the additional motivation (as compared with El Salvador and others) that bitcoin will allow them to bypass financial and banking sanctions placed on them by Western powers.

Iran legalisibg bitcoin will be a good thing for sure but I don't know if that will have a major effect on the market considering the state of Iran as a country not being that influential, but a step forward for sure

It is a need for their people to get involve and encourage to use crypto aside from Fiat otherwise, such declaration will just be wasted. If crypto is not popular and they don't have an interest, it finds useless and certainly doesn't have an impact on the market.

Anyway, let's have to see how the people of Iran will take this and consider this as an opportunity. We just never know if they are also waiting for this annoucement before taking a step into the crypto world. I hope it was.

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[Kasabus]

A few days ago EI Salvador allowed bitcoin and others cryptocurrencies in the all sphere in daily purposes. They allow daily households activities for exchanging with Bitcoin and cryptocurrencies. It's a good sign for bitcoin. Of iran wants to legalize cryptocurrencies in their economic systems, then it would be another good news for Cryptos.

Positive news like this will contribute much to crypto adoption in the near future. El Salvador has started it all to make bitcoin a legal tender and now Iran  is on its way for bitcoin too. I will not be surprise if in the next days, other countries will glady accept bitcoin too.

I think the target of these countries why they end up legalizing bitcoin is for their economic benefits. And there's no wrong with it. Bitcoin is no longer just an asset today but it will be a good currency soon in general.

[SFR10]

If we pay attention to it, usually a president at the end of his presidency removes all restrictions and provides the best services!

Now that explains its weird timing but isn't it a bit too late for such moves to have any significant impact?
^{- He should've done it last year instead.}

Very clear! When Hassan Rouhani nominates himself in the next 4 years, all the people will re-elect him because of these good conditions, and this is a business policy.

I highly doubt that'll happen... The damage he and his cabinet have caused is quite significant that most people aren't going to completely forget about that stuff, no matter how he'll end it.

I hope that this pattern will continue by the next president of Iran and that due to the cheap electricity reserves of this country, many digital currencies will be mined in Iran.

There's still a big "if", and if resuming the mining process ^{[after the summer]} is going to lead to more power outages, then it won't last long before they decide to come up with some weird rules against BTCitcoin and cryptocurrency mining as a whole; In other words, it'll always end badly for "normal" miners.

With such resources, the situation of the Iranian people should be like Dubai, but they live like Afghans.

I wouldn't compare their living styles with Afghans, but I do agree that the current status/situation should be similar or be better than the Emirates.
It'll be interesting to see up to what extent they'll legalize it, since all of those who are involved in such processes are quite old, and can't fully grasp the importance of cryptocurrency usage as a whole...

[Obito]

A few days ago EI Salvador allowed bitcoin and others cryptocurrencies in the all sphere in daily purposes. They allow daily households activities for exchanging with Bitcoin and cryptocurrencies. It's a good sign for bitcoin. Of iran wants to legalize cryptocurrencies in their economic systems, then it would be another good news for Cryptos.

It's not good news until it finally happens because these are politicians remember? They can break their promises like they are eating briken promises for breakfast. I will only celebrate when all their stuffs that they are proposing is finalized, implemented and used by the public.

[mr_ROBOTT]

If we pay attention to it, usually a president at the end of his presidency removes all restrictions and provides the best services!

Now that explains its weird timing but isn't it a bit too late for such moves to have any significant impact?
^{- He should've done it last year instead.}

Very clear! When Hassan Rouhani nominates himself in the next 4 years, all the people will re-elect him because of these good conditions, and this is a business policy.

I highly doubt that'll happen... The damage he and his cabinet have caused is quite significant that most people aren't going to completely forget about that stuff, no matter how he'll end it.

Creating such conditions for the new government makes Hassan Rouhani introduce himself as a lover of the world of digital currencies. The same person who did not accept the request to remove the Telegram filtering for ^{2 years} at the insistence of the Minister of Communications.
The same person who has not legalized digital currency transactions in these few years.
This is all politics ...

[dothebeats]

It seems that the trend to legalize cryptocurrencies is gaining traction among countries who either have poorly-developed economies or are stricken with economic sanctions imposed by other nations. I will not be surprised if Venezuela would be the next one, although the government there doesn't seem to care much about the plight of the Venezuelans struggling to live comfortably and have to make amends every single day of their lives. Then again, this could just be a move to put forth the idea that Iran is willing to accept change in order to gain supporters. There could be more to this than just accepting crypto for all we know.

[speedy963]

A few days ago EI Salvador allowed bitcoin and others cryptocurrencies in the all sphere in daily purposes. They allow daily households activities for exchanging with Bitcoin and cryptocurrencies. It's a good sign for bitcoin. Of iran wants to legalize cryptocurrencies in their economic systems, then it would be another good news for Cryptos.

 Well yeah, for sure it is a good thing but still, I don't know if Iran will really decide to go through with this since just recently the world bank refused to help nor support the efforts of el Salvador in legalizing crypto currencies. With this, it seems that the world bank is really standing firm with their hate for this industry that they openly humiliated el Salvador. Just when I thought things were going good for el Salvador, then this happened. Still through, the president of El Salvador wouldn't be so dumb to not expect things like this to happen.. oh well, lets see what the president does next.

[ropyu1978]

is it possible that with more and more countries legalizing bitcoin, bitcoin will become environmentally friendly, and bitcoin will grow and be better? el salvador became the first country to legalize bitcoin, then central america followed tanzania, now iran also wants to legalize bitcoin, maybe this sounds good, but we'll see how it develops in the future after several countries legalize bitcoin, is there any development,

[CryptoStar19]

A few days ago EI Salvador allowed bitcoin and others cryptocurrencies in the all sphere in daily purposes. They allow daily households activities for exchanging with Bitcoin and cryptocurrencies. It's a good sign for bitcoin. Of iran wants to legalize cryptocurrencies in their economic systems, then it would be another good news for Cryptos.

It's not good news until it finally happens because these are politicians remember? They can break their promises like they are eating briken promises for breakfast. I will only celebrate when all their stuffs that they are proposing is finalized, implemented and used by the public.

There will be hurdles of adoption as legal tender on a national scale, but eventually these hurdles will be overcome and in time, the process will pave the way for more countries to pursue this path.

[Woodie]

This is good news, at this rate we should see more and more countries making it legal tender.

But I feel we still need more practical use of crypto, like crypto debit cards which actually work without boundaries like crypto is ...otherwise this won't mean much.

[CryptoStar19]

This is good news, at this rate we should see more and more countries making it legal tender.

But I feel we still need more practical use of crypto, like crypto debit cards which actually work without boundaries like crypto is ...otherwise this won't mean much.

While nothing is set in stone, for a country to accept bitcoin as legal tender, it would mean that bitcoin can be used to pay debt... that the majority of commercial ventures would need to accept bitcoin payments... this isn't something that is going to happen overnight and there are many difficulties associated with achieving this in a meaningful way nationally, but should these changes actually be implemented in time, it will mean very much in terms of increasing bitcoin adoption.

Just imagine how much more than currently bitcoin is going to be ingrained in the minds of people and seen by people who may have never heard of it or paid much attention to it if over a period of time bitcoin is accepted as a form of payment in every little mom and pop shop where transactions take place.

[sapnu]

Considering the actions Iran committed before with regards to crypto, we can already tell that the table have turned. It will give a lot of advantage for crypto if ever Iran pursue legalizing crypto within their territory. Iran might have planned to ban crypto before but after witnessing what happened to El Salvador, sudden change of mind to their leader came in mind. We will soon see the effects and outcomes of it and if ever El Salvador becomes successful after legalizing crypto, Iran will soon follow as well as either countries that are aspiring to survive or lift up their economy.

[gabbie2010]

is it possible that with more and more countries legalizing bitcoin, bitcoin will become environmentally friendly, and bitcoin will grow and be better? el salvador became the first country to legalize bitcoin, then central america followed tanzania, now iran also wants to legalize bitcoin, maybe this sounds good, but we'll see how it develops in the future after several countries legalize bitcoin, is there any development,

This is indeed some good news about bitcoin despite the present bearish sentiment of the price, adoption of bitcoin by many countries starting from ElSalvador and Iranian government legalization of BTC is an indication of the future prospect of the coin once other countries follow-suit then bitcoin will continue to enjoy a massive adoption and it price will grow upward thus a massive profits for hodlers and investors, this will also raise the hope and confidence of  buyers who are had been buying dip since this the commencement of the present bearish runs.

[Alanaz]

This is indeed some good news about bitcoin despite the present bearish sentiment of the price, adoption of bitcoin by many countries starting from ElSalvador and Iranian government legalization of BTC is an indication of the future prospect of the coin once other countries follow-suit then bitcoin will continue to enjoy a massive adoption and it price will grow upward thus a massive profits for hodlers and investors, this will also raise the hope and confidence of  buyers who are had been buying dip since this the commencement of the present bearish runs.

I am very happy with the news which I think is very good news and speaking of bearishness I don't really think about this at all because I think this is temporary and it won't be long just waiting for btc to return to normal.
and for the future I think this is a good start starting from elsavador, continue to news about venezuela and now iran is also following this of course very good because indeed the adoption of bitcoin is not only profitable for traders or holders but also the impact on the country itself as well will be very good

[rosebrand]

Good thing for the Iran country the earlier there get to see the usefulness of crypto and work with it the better for them, no doubt in most developing countries where things are a bit difficult for them and also no jobs, crypto stands in to revolutionize such country because with good knowledge about crypto and a good amount of capital surely hard times won't knock at your door easily, this simply means crypto eradicates poverty in the lives of those who accepts it and put in their time and effort in it. More countries will accept crypto whole heartedly, it's just a matter of time.

[ziyaaa]

El Salvador's actions have had a big impact on some countries really. And Iran seems to be one of them also. It was actually not very willing about cryptocurrencies. But it looks like the government has changed their mind about cryptos.

[tiCeR]

El Salvador's actions have had a big impact on some countries really. And Iran seems to be one of them also. It was actually not very willing about cryptocurrencies. But it looks like the government has changed their mind about cryptos.

They have changed their mind about cryptos for the wrong reasons I suppose. When they have to circumvent sanctions the US applied to them, what are you going to do if banks refuse to work with you anymore because they are either US banks or threatened to be excluded from the US market? Hey, what about we start using cryptocurrencies and allow people to do the same over here? Just a possibility of course.

[livingfree]

El Salvador's actions have had a big impact on some countries really. And Iran seems to be one of them also. It was actually not very willing about cryptocurrencies. But it looks like the government has changed their mind about cryptos.

It's just getting started.

As soon as most countries have already seen the potential of bitcoin and can be either their legal tender or great asset, almost other countries are going to follow too.

There's just a need for a rich country that will step on the game will have that announcement that will shock the world and most countries on how positive they are towards bitcoin.

[clint25n]

this is the right step, which is taken by iran. at a time when some countries do not legalize bitcoin. because this is the right step. therefore we are no longer afraid to invest in bitcoin. because there are several countries that have relieved it, and this is a very good news after tanzania and elsavador also legalized it

[Kittygalore]

~

I just remember a while ago that Iran bans Bitcoin mining but it doesn't mean that they are totally banned for it, just a temporary band. Maybe they just lifted the ban and might the news if right.

https://www.theverge.com/2021/5/26/22455264/iran-cryptocurrency-mining-ban-annual-summer-bitcoin-spies

Though I was not a citizen in this country I was happy to hear this news and it was a step for a greater market response, I assume that their people are also happy with this.

That's good that it was a temporary and only a small part of bitcoin that was banned. But my point still stands that they have a bandwagon mentality when it comes to these things, there's no environmental effect, they just want to be on the trending part of the news.