Illegal Crypto Currency mining in Iran has become very popular and Iran has been actively closing these operations down; however, Iran legalized the sale and distribution of Crypto Currency in 2019 with several Crypto Currency firms operating legally and profitably. Many Iranians are now investing in Crypto Currency in Europe, United Kingdom and also in Dubai giving them the freedom and access of the European Union Dollar; however, the firms that they are investing through must be registered and granted licenses to operate otherwise the Iran Government will confiscate the assets.
Iran is one of the very few countries taking strong measures to protect the citizens of Iran that are actively buying Crypto Currency and some of the investors are also staking their Crypto to create a safe profit. Real Estate, Mutual Funds, Stocks and Bonds are a bubble waiting to be burst and investors around the world; such as Elon Musk are aware of the volatile financial situation and are investing in Crypto.
Does Elon Musk know something that we don't or does he have a crystal ball?
It is an easy process for some investors from Canada, USA or Middle East to purchase a variety of Crypto Currencies from registered firms in Europe; however, there is caution to be diligent and verify that these Crypto Currency firms are in fact registered and not underground operations with a fancy web site.
For more information and clarification concerning this article and CryptoBank, contact;
Chronicles of Monte Friesner – Financial Intelligence Analyst
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Contributed by Monte Friesner – Financial Compliance Analyst (Canada)