The Iranian government has recognized bitcoin mining as a lawful activity, briefly sending bitcoin prices to record levels at the country's exchanges.
Iran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump.
Iranians using cryptocurrency to hedge against inflation have recently hit a roadblock, an apparent outage of domestic onramps to the market.
The Central Bank of Iran is the latest national bank to sound the alarm on the cryptocurrencies, fearing of its misuse in money laundering and fraud.
Iran's president has spoken out against aired plans to ban Telegram's messaging app over fears its new token may undermine the national currency.
The latest awkward use case for cryptocurrency is funding rogue states led by egotistical dictators. The world may just have to live with this.
Iran's central bank is developing a cryptocurrency, though it has no plans to embrace bitcoin.
The secretary of Iran's High Council of Cyberspace has said the agency "welcomes" bitcoin, with the caveat that there must be regulation.
A deputy director from the Central Bank of Iran is reviewing the country's cryptocurrency policy amid a wider fintech push.
Sweden has opened a route for unbanked startups to incorporate with bitcoin accounts, and boosted investments in Iran at the same time.