Iran has been mining and trading in cryptocurrencies since 2018. Maybe even earlier. This is based on Iran's own disclosure. According to some estimates almost as much as 250,000 BTC. Two questions:
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When a new Bitcoin is mined, there is no on-chain trace of where the miner was located. I would have thought this is precisely the reason Iran managed to avoid international sanctions in this respect.
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If the IRGC is involved, and they would have to be, any mining done by the Iranian government is all hidden. That means Iran would hide everything to avoid high electricity bills. How would US know?
Iran has been mining and trading in cryptocurrencies since 2018. Maybe even earlier. This is based on Iran's own disclosure. According to some estimates almost as much as 250,000 BTC. Two questions:
- When a new Bitcoin is mined, there is no on-chain trace of where the miner was located
I would have thought this is precisely the reason Iran managed to avoid international sanctions in this respect.
- If the IRGC is involved, and they would have to be, any mining done by the Iranian government is all hidden. That means Iran would hide everything to avoid high electricity bills. How would US know?
Iran has been mining and trading in cryptocurrencies since 2018. Maybe even earlier. This is based on Iran's own disclosure. According to some estimates almost as much as 250,000 BTC. Two questions:
When a new Bitcoin is mined, there is no on-chain trace of where the miner was located
I would have thought this is precisely the reason Iran managed to avoid international sanctions in this respect.
If the IRGC is involved, and they would have to be, any mining done by the Iranian government is all hidden. That means Iran would hide everything to avoid high electricity bills. How would US know?