Is Bitcoin Doubler Legit in Iran?

As for today, Bitcoin cannot be ignored by any country of the world, also it cannot be completely expelled from a country. BTC is widely used as an investment asset and as a payment means for different services / purchases. Cryptocurrency life lasts even in those countries, where government`s attitude is very hostile. Below we will go through the situation with Bitcoin in Iran.

Is Bitcoin Doubler Legit in Iran?
Is Bitcoin Doubler Legit in Iran

Bitcoin & Law in Iran

The authorities of Iran do not welcome all cryptocurrencies, including Bitcoin. On 22 April 2018, the Central Bank of Iran (CBI) officially prohibited the maintenance of cryptocurrencies by all Iranian financial bodies, including banks and credit institutions. The decision also bans currency exchanges from buying and selling digital currencies or adopting measures to facilitate or promote them. This decision of the CBI supports the strict anti-money laundering (AML) policy of Iran, where Bitcoin with other virtual currencies are considered as the way for terrorism financing.

On the other hand, in 2018, Iran recognized cryptocurrency mining as a legal industry with an aim to control and regulate the mining farms that were already operating within the country. It was also discussed creating its own national cryptocurrency, which it has yet to do.

What is more, U.S. sanctions against Iran do not allow Iranians using American exchanging services, their accounts are locked. U.S. sanctions are directed to combat terrorism.

As you can see, using Bitcoin in the Islamic Republic of Iran is not an easy task, taking into account banking ban for cryptocurrency transactions. But you still can participate on the cryptocurrency market, you would better use for this purpose Bitbarg and LocalBitcoins services.

Can I Double Bitcoin in Iran?

Despite the baffling position of BTC in Iran and the prohibition for state financial services to operate with virtual assets, inhabitants of the country are able to double their cryptocurrency through Bitcoin doublers. Although Bitcoin doubling is not legit, as well as other forms of crypto investments, you can use services, mentioned above, to get round state financial bodies.

Leave a Reply

Leave a Reply