Iranian General Advocates Crypto Use for Skirting Sanctions: Report
Iranian General Saeed Mohammed is calling for the use of crypto to help Iran evade sanctions designed to isolate it from the global financial system, according to Coinit.ir.
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.
Although China remains the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.
“I don’t think any asset is safe right now – except cash, U.S. dollars.”
The ongoing civil war in Yemen highlights the contradictions underlying bitcoin adoption.
Bitcoin’s recent price jump after the U.S. killing of a top Iranian official has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.