Confiscation of Bitcoins from Iranians

Bitcoin News

The U.S. government has confiscated 500 bitcoins from the Iranians. The chief of Iranian’s Blockchain Association, Sepehr Mohammadi stated, “Some people believe that this confiscation is because of circumventing U.S. sanctions by bitcoin holders.” The purchase value of the confiscated cryptos amounts to 25 billion rials or $5.77 million. It is reported that the reason for confiscation is unclear.

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