Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


Iranians Still Back Bitcoin, US Treasury Tightens Stranglehold

Iranians Still Back Bitcoin, US Treasury Tightens Stranglehold

Support free writers: > send a tip

written by

As US sanctions continue to bite in Iran, Bitcoin and Bitcoin mining continue to serve as alternatives to circumvent banking institutions. However, these activities are now firmly under the US radar.

Many Iranians have adopted the digital currency both in their own country and overseas to sidestep economic sanctions. The UK, traditionally a long-time favorite location for students, has also been hit. In November, SWIFT suspended several Iranian banks from its service after the imposition of United States nuclear sanctions on Tehran. This has resulted in difficulties for Iranian students in the UK when obtaining cash.

Many universities are now advising students to return to Iran and return back to the UK with sufficient cash funds to pay for courses and living expenses. Consequently, some Iranian students have turned to Bitcoin, obtaining their fiat funds through crypto exchanges.

The latest problem for Iranian Bitcoin users, many of then students, is that the sanctions are now extending their reach to certain providers. International crypto exchanges, including Bittrex and Binance, have also begun complying with the sanctions against Iran and have stopped dealing with Iranian clients.

The US Treasury is now warning digital marketplaces that either conduct Bitcoin business or sell computers for potential mining that they must stop providing services to Iranians, well aware that Bitcoin is being used in order to circumvent sanctions.

One Iranian miner speaking to the New York Times from a desert location outside of Tehran, explained that even using outdated Chinese A9Antminers has a purpose. “I guess this is the last place on earth where they are still profitable,” said the operator, wishing to remain anonymous. “We’ll have two engineers on site to keep everything running, that’s it,” said Behzad, CEO of IranAsic, the company running the site.

Such farms are popping up around the country aided by generous government power subsidies for electricity which is already cheap compared to the US and Europe. So cheap, it is now drawing interest from investors in Europe, Russia, and Asia.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Bitcoin News

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter