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Weekend Reading | Iran’s Crypto Migration: From Gold to Cryptocurrency, a Half-Century Spanning Capital Shift

Weekend Reading | Iran’s Crypto Migration: From Gold to Cryptocurrency, a Half-Century Spanning Capital Shift

Source: PANews
Author: Danny

If you want to understand how the Iranian government has used cryptocurrencies and the crypto industry to circumvent restrictions, how Iranian residents have utilized cryptocurrencies under stringent limitations, where the 80 tons of imported gold have gone, and the ultimate destination of substantial funds, this article provides comprehensive insights.

Nearly half a century ago, Iran experienced a massive transfer of wealth that shocked the global financial system. In early 1979, the Pahlavi dynasty, which had ruled Iran for 37 years, collapsed amidst the fury of the Islamic Revolution and social unrest. This revolution not only ended Iran’s 2,500-year-old monarchy but also triggered the largest and most…

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