8 billion dollars of cryptocurrency in the wallets of Iranians

According to Iran Economist, these days only gold and foreign exchange rates are reviewed among economic news, and part of the news of economic channels is also dedicated to cryptocurrencies and their prices. In Iran, attention has been paid to these markets and the buying and selling of digital currencies is moving towards an independent business. But this buying and selling, or in the term trading of digital currencies, is done on the websites of special cryptocurrency exchanges or mobile applications of cryptocurrency wallets.
Cryptocurrencies are a growing technology that seems safe, but the laws in this area are not possible in the implementation department, and governments, instead of being regulators, do not make the right decision in the implementation issue.
A digital currency wallet is also a platform where you can keep cryptocurrency assets. But for Iranian users, everything is not so simple. Due to political and economic sanctions, Iran’s IP is banned in some wallets and exchanges, and if used, there is a possibility of asset blocking for Iranian users.
Based on this, in the past years, attention has been drawn to investing in this market in order to preserve the value of money and capital, and many people have entered this field, and in addition to the profits that have resulted for some, there have also been abuses following this issue, from illegal mining to losses with Illegal cryptocurrency exchange.
All these cases while recently Hasan Hashemi – the head of the country’s computer trade union organization – at a gathering of information and communication technology industry activists to announce It has been reported that there are eight billion dollars of cryptocurrency in the wallets of Iranians, but the problem of our country in this sector is a matter of policy, not resources. These currencies can be used to import basic goods and this will be a big help.
It has been said that the main philosophy of cryptocurrencies is based on decentralization; In the sense that it portrays a new atmosphere in the field of money and other areas, that instead of having a source of people’s trust like institutions such as central banks, it should be replaced by a value based on what the people are willing to do.
Institutions that people refer to to solve their problems are the most targeted areas in this space, and one of them is the central bank. Any money that is exchanged in any country is valued at the credit of the central bank of that country; In other words, if there were no central banks, all current notes, coins and other related items would be devalued.
Although it has been said that decentralized and extractable cryptocurrencies such as Bitcoin and Ethereum are not at risk, those cryptocurrencies that are centralized apparently have the ability to be blocked in people’s wallets. For this reason, experts warn the activists in this field that real persons should be very careful in the exchange of digital assets. Also, digital asset exchange platforms have been asked to use methods of maintaining the confidentiality of wallet addresses, IP and other methods, and to remove centralized stablecoins from the trading cycle and replace them with decentralized equivalents.
But on the other hand, the most common crime in the field of cryptocurrencies in the country is that people unknowingly trust some people and give them money to buy cryptocurrencies for them. Some of these scammers and fake experts don’t buy cryptocurrency at all after receiving money and disappear; Others buy cryptocurrency and keep people’s wallet passwords with them and empty the wallet after some time.
Another problem that exists is the purchase of worthless cryptocurrencies or Bitcoins, in which there is a process known as pump and dump. The next thing is getting caught by malware. In this case, the criminals design a fake wallet and use various methods such as social engineering to make the person install the malware, and then the hacker, after receiving the wallet information, empties it; This is like a phishing.
The next risky issue is the hacking of wallets or user accounts in exchanges; Therefore, everyone who enters this field should know that he is facing these threats; The process of dealing with these crimes is also very complicated in FATA police because many criminals are outside the country and there is no identity and these cases are mostly international.
In any case, from the point of view of psychology, maybe greed causes some people to be drawn to these markets, and some people trust and lose their capital due to optimism. Based on this, in order to enter the cryptocurrency market, a lot of knowledge in the fields of security, economic market analysis and information technology is needed, and it is always recommended that people who do not have this knowledge should avoid entering it.
On the other hand, the number of countries that legalize the purchase and sale of digital currency is increasing and laws have been established for this area. Most of these laws are imposed to prevent money laundering in the purchase and sale of these currencies, and these laws may increase the restrictions of Iranian users in digital currencies in many online exchanges.