Yesterday, the United States delivered more sanctions to Iran over the seizure missiles en route to Yemen. For those who don't know, Iran and Saudi Arabia have been fighting a proxy war in the African country for at least 2 years in Yemen, with the Saudis having invaded Yemen in. 2015.
The US has been siding with Saudi Arabia, because oil. The result has been over 100,000 Yemenis dead, 20 million starving to death, and Iran deciding to step in and back the Houthi rebels against the Saudis. They probably couldn't care less about Yemeni suffering, and only want to thwart the Saudis and the US by proxy. It all started after a Saudi puppet was ousted by Houthi rebels, and ever since it's been an entire shitshow.
The US also seized 1.1 million barrels of oil from Iran and announced they sold it for $40 million. So basically, the US stole oil from the Iranians headed for the Venezuelans, then sold it. This is some straight pirate shit.
To add insult to injury, the US ordered Iran to pay $891 million over a 1996 bombing.
At this point, it's safe to say that Iran hates the US. Now they've just announced something everyone who pays attention to geopolitics already knew. That they're in on Bitcoin, but now they're going to be stockpiling it for trade.
Iran has also revised their regulations and stated its licensed miners must break off a piece of their mining rewards, which they'll then use specifically for imports. The revision is very vague and doesn't give any concrete terms on how this will exactly go down.
In my opinion, Iran has already been using Bitcoin with China and Russia to trade internationally. I would even go as far to say they may have been using USD pegged stablecoins like Tether. Now, they're at least admitting they have plans to use Bitcoin.
The Central Bank of Iran has also stated that legally mined cryptocurrencies can only be exchanged if they're used for to fund imports from other countries.
All this does is set the precedent for another Iranian Revolution, but of the digital kind. People who want to invest in Bitcoin and other cryptocurrencies will simply escape Iran and live somewhere less restrictive.
Situations like this show exactly why people need to be buying Bitcoin more. I highly doubt the Iranian people want to be involved in the shenanigans their government involves themselves in, as much as US citizens don't want to be involved in the robber baron escapades committed by US state officials.
The time for us to take the power back is now.
Situations like this is why I've created a free crypto dictionary. More people must learn about Bitcoin; and how to buy, sell, and trade it before it becomes too expensive for them to even have. First it's Iran's Central Bank, then it's all of them.
Don't let this spiral into a new world order of even deeper slavery.