Venezuela’s Central Bank is considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies.
In a bid to circumvent U.S. sanctions, the government of Venezuela is experimenting with converting tax revenue into bitcoin and trading it for fiat currency at foreign exchanges.
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.
Stranded Iranian students in the United Kingdom have turned to Bitcoin as a tool to circumvent the economic sanctions placed on their country, according to a Guardian report
With crushing debt and a starving population, the Maduro government in Venezuela is launching what it says is the world's first sovereign cryptocurrency.The cryptocurrency...
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