Happy Long Weekend Friday, Blockfolians
It’s been quite the week for crypto in Iran. First, the parliament published a bill that would put cryptos under the countries strict forex and smuggling rules - an attempt, most likely, to keep too much capital from leaving the country.
But then just yesterday, news broke that President Hassan Rouhani had ordered the government to draw up a national strategy around crypto mining. It’s not the first time Iran has been ahead on mining, becoming one of the first countries to recognize it as a legitimate industry in July 2019.
For some, the news portended a future of governments getting more actively involved in bitcoin.
Others were more skeptical.
Leigh Cuen @La__CuenThis is a big deal. 😮 https://t.co/S2lVehZZ5m
Whatever the case, it will be an interesting situation to watch - one that overlays bitcoin with a major source of global geopolitical tension.
And on that ominous note — happy Memorial Day to our readers in the USA!
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Highly Relevant Reading
The WEF’s “Blockchain Bill of Rights” gets new signers in Colombia, Deloitte, and ConsenSys
Another experiment to put bitcoin on Ethereum - this time in RenBTC
Coinbase, Binance.US and Kraken beware? FTX.US goes live
Is this Chinese province trying to ban bitcoin mining?
Wall Street can no longer ignore bitcoin.
It also probably can’t ignore the real economy…at least not forever.
A Really Big Number We Should Be Paying Attention To
That’s the value of the 10,000 BTC Laszlo Hanyecz used to buy pizza on this day 10 years ago, perhaps the first true commercial transaction of bitcoin.
Don’t miss this one. 🔥