Iranians feeling the squeeze from United States sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in and out of the country. In Iran, some government officials worry that the energy-hungry process of “mining” Bitcoin is abusing Iran’s system of subsidised electricity; in the US, some observers have warned that …
Read More »Bitcoin craze hits Iran as US sanctions squeeze weak economy
July 18, 2019