Iranians funneled 2.5 billion dollars outside Iran to invest in Bitcion & cryptocurrencies 

Mohammad Reza Pourebrahimi (the Chairman of the Economic Commission of the Parliament of Iran) previously told Isna newspaper that Iranians had transferred $30 billion out of the country over the few months ending March.

“Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.

U.S. President Donald Trump just withdrawn the US from the 2015 Iran nuclear deal by restoring sanctions on Iranian oil exports maybe even more sanctions so the situation may get even worse for them to deal cryptos and access banks.

Now Mohammad Reza Pourebrahimi says :

Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.

This is happening while Central Bank of Iran (CBI) banning banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

Pourebrahimi believes one of the benefits of cryptocurrencies “is [the] absence of [the] American regulator,” which he admitted can circumvent sanctions. His statement echoes Azari-Jahromi’s statement made last week that “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”

Tags: technology, business, economy, Bitcion & cryptocurrencies, iran, Iranians, invest in Bitcion

Mohsen Daemi
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