Iran Archives -
Secretary of state nominee Mike Pompeo’s strong connection with President Donald Trump means he would be able to speak to foreign governments with more authority than his predecessor, but could limit dissenting views, some former officials said.
WSJ.com: What’s News Asia
Iranian news agencies are reporting that a Turkish plane traveling in Iran’s air space has crashed.
Concerns from Russian traders that they may be unable to access Bittrex once the exchange’s new terms of service come into effect this month appear to have been alleviated. Starting March 9th, the exchange will formally block residents of North Korea, Iran, the Crimean region, Syria, and Cuba from accessing its trading services.
Last month, Las Vegas-based cryptocurrency exchange, Bittrex, published its new terms of service, which are expected to come into effect on the 9th of March.
The new terms of service will prohibit “citizen[s] or resident[s] of any state, country, territory or other jurisdiction that is embargoed by the United States” from accessing Bittrex’s trading services.
It was reported that the new terms of service resulted in concern among Russian traders that the sanctions imposed on the Russian Federation since 2014 may render them unable to access Bittrex. Several traders, however, appear to have since made contact with the exchange’s support staff, and received confirmation that the new terms of service will not prohibit the citizens of nations under “economic sanctions”.
Bittrex’s new terms of service will specifically exclude residents of nations under U.S. embargo – “North Korea, Iran, the Crimean region, Syria, and Cuba.” Additionally, any individual for whom there is “an economic sanction levied by the U.S. government” will also be barred from accessing the trading platform.
Regulation Becomes Means for U.S. State Apparatus to Project Realpolitik Objectives
The new list of restricted locations in Bittrex’s updated terms of service appears to comprise a formalization of a crackdown initiated last year.
In 2017, news.Bitcoin.com was informed by Yasser Ahmadi or Lioncomputer.ir that Bittrex had “started closing Iranian accounts without any heads up or announcements from Oct 12.” Mr. Ahmadi accused the exchange of failing to respond to support requests from Iranian citizens, asserting that Iranians had been left with no means through which to repatriate the funds held in their accounts.
Mr. Ahmadi lamented the increasing projection of U.S. imperial objectives manifesting as a consequence greater regulation of the cryptocurrency industry. “They’re using the fluidity of bitcoin to control the needs of people around the world and reach their own political interests,” Mr. Ahmadi stated. “That is not what bitcoin and blockchain is about, it’s against the spirit of this system.”
Do you think that regulatory compliance undermines the original vision for Bitcoin laid out by Satoshi Nakamoto? Share your thoughts in the comments section below!
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Canadian-Iranian environmentalist Kavous Seyed Emami urged Iranians to push for the change they wanted, rather than accept the way things were. His liberal message resonated, but now his sons must take up the cause. Seyed Emami, a Canadian-Iranian, died in a high-security prison on Feb. 9, weeks after he was…
جمهوری اسلامی ایران The Islamic Republic of Iran has apparently changed course on cryptocurrency, or perhaps it has clarified its real position previously mischaracterized by the press. It’s increasingly difficult to get a real handle on the official status of crypto in the Persian homeland.
Also read: How To Regain Control From Nanny Zuck
Iran to Control and Prevent Cryptocurrency
Hamed Jafari reported as soon as two weeks ago, Iran was considering issuing “a local cryptocurrency, a cryptocurrency consortium with specific countries and regulating the already established cryptocurrencies such as bitcoin.” Not more than last week, International Business Times insisted “a half dozen contenders” in Iran were vying to bring the country its first set of initial coin offerings (ICOs).
Indeed, Iran under the weight of international sanctions seems to be a perfect breeding ground for cryptocurrency. Paypal, Mastercard, Visa are all forbidden. Its fiat currency continues to fall against the dollar to all-time lows even as its regime struggled recently to reform interest rates and forgive loans. Crypto might be a way around pretty brutal financial conditions. Reports last year seemed to suggest the country was considering as much.
Iran Front Page, however, an independent news aggregation site, is throwing cold water on region some by insisting the Iranian central bank never recognized bitcoin as legal tender. The banker also said it had no intention of “actively facilitating Bitcoin transactions.”
Indeed the bank is reported to have explained how “wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme [tactics] have made the market of these currencies highly unreliable and risky.” Additionally, Iran’s central bank is said to be looking at a way to “control and prevent digital currencies in Iran.”
This doesn’t necessarily mean ICOs can’t take place, and there is plenty of anecdotal evidence Iranians are interested in cryptocurrency even if their government is not. Enthusiasts’ hopes were not entirely dashed as reports also explained the country’s technology minister confirmed rumors about a local cryptocurrency, state backed. After further warning about the “high risks of making investment in” cryptos such as bitcoin, saying Iranians might lose “their financial assets” as a result, “Iran’s [Ministry of Information and Communications Technology (ICT)] Minister Mohammad-Javad Azari Jahromi also declared on Wednesday that Iran’s Post Bank is working on a locally-developed cryptocurrency, which needs to be tested by the ICT ministry.”
What do you think about Iran’s plans? Are they viable? Let us know in the comments section.
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A commercial airliner carrying 66 people has crashed in southern Iran, the country’s semi-official Fars news agency reported.
An American-Iranian man was among a group of environmentalists detained in Iran last month during efforts to foil a protest, bringing the number of US citizens held in the country to at least five, family members and human rights groups say. Morad Tahbaz of the Persian Heritage Wildlife Association—which…
For most of the past two years, Iranian “fast boats” crewed by the Islamic Revolutionary Guard Corps buzzed US military vessels passing through the Persian Gulf at least twice a month. This harassment, which posed a danger to all involved, occurred 50 times—until it suddenly stopped in August, the…
From escaping Iran through the mountains as a Muslim refugee, to surviving domestic abuse and months in Turkey’s terrifying Agri prison, to carving out a life in Europe, Annahita Parsan’s life story is the stuff of a Hollywood movie.