Iran has embraced cryptocurrency as a means to avoid international sanctions and make more money. Eric Lob, a non-resident scholar with the Middle East Institute’s Iran program and an associate professor at Florida International University, joins CBS News to discusses his research.

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    9 Comments

    1. Crypto is used by the underground world to exchange money for goods and services. Not just Iran, Russia, North Korea, drug cartels, terrorist funding, arm dealers, human traffickers, tax evasion etc etc. The issue is why doesn’t the US and EU etc ban crypto within it borders like how the US bans online Caribbean gambling sites and other currencies from being used in their borders considering the crypto market is used by the underground community. Maybe perhaps because the politicians are being paid to look the other way?

    2. After losing so much to stock market, One best investment decision I ever made afterwards was investing in financial markets. Which has earned me $34,970 profit every 14days lately. Trust me guys it pays a lot.

    3. Mining in the west is almost dead, and not really profitable anymore. The fact that they are probably paying extreme sums to be able to import illegal GPUs makes it extremely risky.

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