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Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks

From news.bitcoin.com

Before cryptocurrencies started to be widely used for speculation, they were first of all meant to be an unstoppable method for people to control their own money. A new example that this is still a needed use case comes from the U.K., where Iranian students have to bypass the banking system which they can no longer access due to sanctions. University Students Turn to Bitcoin Back in early November, the U.S. successfully pressured the banking transactions network Swift to cut Iran off from the global financial system. This is now reportedly causing Iranian citizens studying at universities abroad to turn to ... (full story)

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  • Category: Fundamental Analysis