Iran also wants to legalize crypto

[CryptoStar19]

Yes it is true that Iran is both banning crypto and wanting to legalize it:

The ban of crypto in Iran has to do with the country's power grid breaking in the capital city of Tehran and elsewhere (power outages multiple times a day) because of so much mining activity and the electric grid and supply not being able to match the demand.

Iran wanting to legalize crypto has to do with the regime's desire to bypass banking and financial sanctions placed on them by the western powers. Basically by using bitcoin they can circumvent bans placed on them from a banking perspective.

[xiboothrezi]

~~ More and more countries are starting to legalize bitcoin in their countries. It is likely that other countries will follow suit.

the legality and clear rules regarding the use of cryptocurrencies will provide a sense of calm to its users. while for people who have not been involved, will definitely feel interested because the government has shown its support.
from this, we can know that cryptocurrency is an innovation and evolution in the financial system that provides many advantages. although there are many pros and cons, if we can use it well it will definitely give benefits, with support from the government it will further increase public trust.

[Shasha80]

After El Salvador legally accepts Bitcoin as a means of payment, it is now the turn of the Iranian state who immediately wants to legalize bitcoin in their country. Not without reason Iran wants to legalize Bitcoin, this may be the right solution to overcome the problem of the Embargo from the United States. Iranian President Hassan Rouhani commented on the legalization of Bitcoin, he said to immediately think of a solution and establish a legal basis for the use of Bitcoin and educate the public about cryptocurrency legislation. By conducting proper education to the public, it will certainly protect capital in the crypto market from unprofessional entries.
This is a major step taken by Iran. More and more countries are starting to legalize bitcoin in their countries. It is likely that other countries will follow suit.

I agree that Iran might take this step because of the embargo from the United States, they want to prove that they can rise economically without
the help of the United States.  The Iranian government must have been monitoring the development of Bitcoin for a long time, and see Bitcoin can
make their economy bounce if legalized it. What Iran did I admit this is good news for the crypto community, because more and more countries are
legalizing crypto, it will make other countries interested in joining. It looks like Bitcoin has started to attract the interest of many countries,
hopefully there will be another good news soon.

[cabron]

~~ More and more countries are starting to legalize bitcoin in their countries. It is likely that other countries will follow suit.

the legality and clear rules regarding the use of cryptocurrencies will provide a sense of calm to its users. while for people who have not been involved, will definitely feel interested because the government has shown its support.
from this, we can know that cryptocurrency is an innovation and evolution in the financial system that provides many advantages. although there are many pros and cons, if we can use it well it will definitely give benefits, with support from the government it will further increase public trust.

Their president isn't as popular as Nayib Bukele but once he publicly announces it he may become one. I'd be hoping really that this coming July with the next Bitcoin conference, he will also announce it. The country has massive electricity and they have a good amount of miners there which they can also run the economy on their own.

If Bukele proves to be good with his decision, many countries will follow and it won't even take years for others to also join.

[jjdub7]

Just after El Salvador has made Bitcoin as legal tender in the country and making Bitcoin as reserve assest some other countries are also planning the same.As per the latest reports the next nation to join the list is Iran.They are planning to introduce legal framework for cryptos although the Bitcoin mining activities are suspended there just for four months due to electricity blackout.

Iranian President "Hassan Rouhani" has asked his government to start working on a framework to regulate cryptocurrencies like Bitcoin.He has warned residents also against unprofessional or scam projects and to stay away from them as he addressed the economic board meeting.

How will Bitcoin help them?Here are some of the facts:

The US has imposed CAATSA (Countering America's Adversaries Through Sanctions Act) on the country, preventing American companies from doing business with sanctioned entities. However, the economic sanctions place Iran in a spot since companies allied to the west are bound to avoid it, creating a ripple effect that severely affects Iran's international trade.
The country also stands primarily disconnected from the global banking system as trade via the American dollar is restricted. It's widely known that the dollar is the de facto international currency and exerts maximum purchasing power. With such extreme conditions, Iran has open-heartedly welcomed the cryptocurrency revolution.

With nearly 4.5% hasrate of Bitcoin mining Iran is one of the best place for miners along with cheap electricity and how amazing it is if government also allows usage of Bitcoin and other cryptos giving them legal status.They are solving their economic Conditions as well with Bitcoin which is main motive of most of the countries.

Source : Iran to legalize crypto like Bitcoin

So it's a another boost for btc becoming mainstream and adopted by government around the globe.

I don't think El Salvador has yet taken this final step towards officially accepting Bitcoin, because a lot of things needs to be done before that. Changing the laws and regulations and to present and adopt everything by the Congress of the country.

However, they have given rise to very positive thinking for change, and many countries are already talking about how they can follow suit. Including Iran, many of the countries in South America are preparing with draft laws and projects in this direction.

Leading in this direction so far are the senators of Mexico and the employees of the government of Panama.
Among those who vote for Bitcoin are also Fabio Osterman and Gilson Marquis from Brazil, Jehudi Castro-Sierra from Colombia, Carlitos Reyala from Paraguay and Francisco Sanchez from Argentina.

[Tristan Bieber]

El Salvador's decision to make bitcoin legal tender is significant. It marks the first time in the world that a country has officially recognized bitcoin and achieved a breakthrough from zero to one.
According to the objective law, there is a first, there will be a second, a third...... It's been reported that officials from countries like Panama have said they don't want to be left behind and are planning to legalize cryptocurrencies, so I think it makes perfect sense for Iran to do this.
No matter how things turn out, we are witnessing history.

[dota2bestplayer]

El Salvador, as the first country to successfully use Bitcoin as a currency, will effectively imitate it in the future. With successful examples, it has attracted much attention. Iran saw the benefits of Bitcoin and came up with ideas.

[kiki8899]

Although Iran has introduced a suspension of Bitcoin mining, it has only been for 4 months, just for the country's electricity consumption. Will it continue to mine when the time is up? See if it will take a new step like El Salvador.

[Mr.sprin]

El Salvador has shown the evidence by legalizing bitcoin in his country, the economy has changed for the better, so it is not surprising if Iran also wants to legalize bitcoin, maybe later many other countries will want to follow in El Salvador's footsteps.

[patientforzhou]

It should have been so, but this move will be good news for Iranian believers. El Salvador has had a great impact on countries that want independence, and Iran also wants to legalize Bitcoin.

[Nora Olin]

Iran has a large number of miners, and the government can make these miners make money. Iran wants to follow in the footsteps of El Salvador to develop its own country's economy and reduce unemployment. I also hope that more and more countries can support the acceptance of Bitcoin and make Bitcoin more common. I don’t know how many countries will do this this year.

[Chato1977]

Just after El Salvador has made Bitcoin as legal tender in the country and making Bitcoin as reserve assest some other countries are also planning the same.As per the latest reports the next nation to join the list is Iran.They are planning to introduce legal framework for cryptos although the Bitcoin mining activities are suspended there just for four months due to electricity blackout.

Iranian President "Hassan Rouhani" has asked his government to start working on a framework to regulate cryptocurrencies like Bitcoin.He has warned residents also against unprofessional or scam projects and to stay away from them as he addressed the economic board meeting.

How will Bitcoin help them?Here are some of the facts:

The US has imposed CAATSA (Countering America's Adversaries Through Sanctions Act) on the country, preventing American companies from doing business with sanctioned entities. However, the economic sanctions place Iran in a spot since companies allied to the west are bound to avoid it, creating a ripple effect that severely affects Iran's international trade.
The country also stands primarily disconnected from the global banking system as trade via the American dollar is restricted. It's widely known that the dollar is the de facto international currency and exerts maximum purchasing power. With such extreme conditions, Iran has open-heartedly welcomed the cryptocurrency revolution.

With nearly 4.5% hasrate of Bitcoin mining Iran is one of the best place for miners along with cheap electricity and how amazing it is if government also allows usage of Bitcoin and other cryptos giving them legal status.They are solving their economic Conditions as well with Bitcoin which is main motive of most of the countries.

Source : Iran to legalize crypto like Bitcoin

So it's a another boost for btc becoming mainstream and adopted by government around the globe.

If Iran will do such then the price of Oil will be lowering i guess? as iran is one of the biggest Oil player in the world.

and also if they do this then we will be seeing more following from the middle East.

[yazher]

El Salvador succeeded in being the first country to accept Bitcoin as legal tender. And many countries are following it right now (like Latin American countries). And now, Iran is also preparing to join them. It is really good to see for the benefit of Bitcoin adoption.

I hope they have some plan on what they implement in their country because some other countries that just want to legalize crypto in their country when didn't meet their expectations, they most backfire and banned it without hesitations. They should know at least consider giving it at least 10-20 years after legalizing it before taking any decision to ban it again. If they will become successful in doing these things, there's no doubt that the other country on their level will follow in their footsteps as well.

[elisabetheva]

El Salvador has shown the evidence by legalizing bitcoin in his country, the economy has changed for the better, so it is not surprising if Iran also wants to legalize bitcoin, maybe later many other countries will want to follow in El Salvador's footsteps.

Of course news like this will bring towards a very positive development, where so far it only heard the news that made Bitcoin's news be bad. So that a very deep correction occurs and it cannot be avoided. There are still many who have not analyzed each news first and immediately took action that actually affected the Bitcoin market.

There is hope that many more do things like Elsavador and Iran, because it is likely to affect many other countries after considering the benefit aspect of only prohibiting and there is no solution that can be done. Because by legalizing at least the get from every transaction that can be taken as tax revenue.

[mr_ROBOTT]

The Rouhani government will be active for only one more week!
If we pay attention to it, usually a president at the end of his presidency removes all restrictions and provides the best services!

What is the reason?

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 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.
provided that the welfare of the people also increases.
With such resources, the situation of the Iranian people should be like Dubai, but they live like Afghans.

[bekti3]

of course this is very good a few months ago i had hoped this incident could happen and now starting from elsavador besides venezuela and now iran has wanted to start this too. I hope that in the future other countries can move like this too because I think this is a very good innovation apart from the country itself, I as the holder of bitcoin also feel the impact

[CryptoStar19]

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.

[DarkDays]

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

[nhaila]

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.

[dmamigo]

Very good news if this really happens and after El Salvador, if Iran also legalizes cryptos and accepts it for all transactions I think it will boost up more acceptance by multiple other countries but the only factor is that they are not so influential countries to make a huge impact so fast which will invite more countries to accept cryptos as their primary currency or atleast legalize it to remove all kind of ban/block speculations roaming around the market.