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Iran Could Use Cryptocurrencies to Avoid Sanctions
[IranWire] The Iranian Presidential Center for Strategic Studies, a thinktank attached to President Rouhani’s office, has published a detailed report stressing the necessity for the regime to use cryptocurrencies to generate extra income.Extracting cryptocurrencies, the report states, could provide economic benefits to several different sectors of the country's economy. It claims that if the government intervenes seriously it could generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies. Revenues from receiving transaction fees for the entire bitcoin network would generate $22 million a year for the Iranian government, it says. The report also states that creating more facilities such as Bitcoin mines in Iran would lead to an increase in employment. Cryptocurrency miners, it says, also have a basic need for electricity, and for every megawatt of electricity consumption about nine people are directly employed. Posted by: badanov 2021-03-05 |
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