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Iran Goes Crypto

The tension between Iran and the US rose since president Donald Trump quit the Iran nuclear deal. Iranian rial rapidly collapsed from 57,500/$1 to 85,000. Due to the threat of bigger sanctions, residents began to transfer their savings to crypto assets in order to take money out of the country or simply save them, and from now this tendency will only spread. Iranians have already spent $2.5 bln on crypto.