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A new report from blockchain analytics firm Chainalysis indicates there has been a massive increase in Bitcoin adoption in Iran over the past month, as the country deals with nationwide unrest and protests. The report specifically looks at the increase in withdrawals from crypto exchanges to unknown Bitcoin addresses, which indicates the local population is avoiding centralized financial infrastructure in the country in favor of the decentralized, peer-to-peer digital cash system.
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A new report from blockchain analytics firm Chainalysis indicates there has been a massive increase in Bitcoin adoption in Iran over the past month, as the country deals with nationwide unrest and protests. The report specifically looks at the increase in withdrawals from crypto exchanges to unknown Bitcoin addresses, which indicates the local population is avoiding centralized financial infrastructure in the country in favor of the decentralized, peer-to-peer digital cash system.
In…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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