31 Dec '16, 2pm

With Legality Unclear, You Can Still Buy and Sell Bitcoin in Iran

The legality of Bitcoin in Iran is still unclear, as the local authorities continue to avoid addressing regulatory conflicts and frameworks in regards to Bitcoin trading, exchange operators and transaction settlement. Still, exchanges including WMIRAN provide the necessary infrastructure for the general population to trade Bitcoin using fiat money. Over the past few years, the Bitcoin industry has seen the emergence of truly innovative and revolutionary Bitcoin startups focused on increasing the liquidity of Bitcoin within a region. Malaysia, the Philippines and Thailand saw the emergence of Coins, a startup which enables the general population to virtually anything with Bitcoin including covering bills, trading Bitcoin and sending remittances. Coincidentally, the three above mentioned countries have relatively shallow Bitcoin infrastructures, with a few startups controlli...

Full article: https://cointelegraph.com/news/with-legality-unclear-you-...

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