Iranian civilians are turning en masse to bitcoin, which can be stored in personal wallets beyond the authorities' reach

Iranian civilians are turning en masse to bitcoin, which can be stored in personal wallets beyond the authorities' reach

Since the start of the Middle East conflict, Iran has witnessed massive cryptocurrency flows.

Experts say they are being used to circumvent sanctions placed on Iran's Revolutionary Guards as well as a financial safe haven by civilians hit by soaring inflation.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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