Why does Iranian government don't uses bitcoin or other cryptocurrency to avoid sanctions/international banking limitations?
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Arian
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I think it's because other countries or big companies don't do their business in BitCoins.
A currency, whether it's a fiat currency or a digital currency, is valuable as long as you can use it to purchase the goods you need. The value of the US dollar, regardless of the US relative economic decline in the last decades, comes from the fact that the US maintains strong control and influence over the energy and technology markets in the world, mainly thanks to the petrodollar agreement and Silicon Valley.
Now Iran herself doesn't need oil. But the question is, why should other countries, particularly Iran's economic partners or countries that export to Iran, which happen to need oil, accept BitCoins when they can't import what they need with BitCoin?
However, BitCoin or other digital currencies can be used indirectly for money laundering by a network of intermediary companies to import dual use and sanctioned goods to Iran. But it won't be of much help to Iran for conducting business directly.
A currency, whether it's a fiat currency or a digital currency, is valuable as long as you can use it to purchase the goods you need. The value of the US dollar, regardless of the US relative economic decline in the last decades, comes from the fact that the US maintains strong control and influence over the energy and technology markets in the world, mainly thanks to the petrodollar agreement and Silicon Valley.
Now Iran herself doesn't need oil. But the question is, why should other countries, particularly Iran's economic partners or countries that export to Iran, which happen to need oil, accept BitCoins when they can't import what they need with BitCoin?
However, BitCoin or other digital currencies can be used indirectly for money laundering by a network of intermediary companies to import dual use and sanctioned goods to Iran. But it won't be of much help to Iran for conducting business directly.
Aramagedon
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Bitcoin 4.2x in a year and Ethereum 7.5x in a year.
That means if you bought 500 million toman Ethereum at February 9 last year now you would have 3.5 billion toman without considering Dollar price.
With considering dollar price you would have 7 billion toman.
That means if you bought 500 million toman Ethereum at February 9 last year now you would have 3.5 billion toman without considering Dollar price.
With considering dollar price you would have 7 billion toman.
applesauce
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its far too volatile for a company to use and not accepted in enough places. most companies are not in the business of currency speculation and desire currency stability, this is why USD is prefered. Plans are done yearly and you can't have your currency roller coaster up and down 50% a year
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