Chinese companies have jumped on the bandwagon of bitcoin mining, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations.
The peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users, likely in response to sanctions against the country's government.
On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.