Iran lifts Crypto Ban

in crypto •  20 days ago

new insta official 3.png⠀⠀⠀⠀⠀⠀⠀⠀
Iran lifts it’s ban on cryptocurrencies. This is good for #crypto adoption, but what can it mean for the #US ? 🤔
⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀
Consider this...💭
⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀
The US has the privilege that it’s currency, the dollar is used as the global reserve #currency.💱
That means that most global trade occurs in dollars. So when South Africa buys oil from Saudi Arabia, the transaction will be dollars for oil.🛢
This is a major advantage as it allows the US to run budget deficits (#spending more than it collects in #taxes, money printing) without having to worry about #inflation as long as the world is still holding and trading #dollars.🖨
It also allows the US to weaponize the #dollar and cut its enemies out of #globaltrade, like Iran.❌
By developing a #cryptocurrency, Iran could create a currency that other nations are willing to trade with, dodging US sanctions. 💱
I think it’s time we start taking #cryptocurrency seriously.⚠️
#crypto #cryptocurrency #cryptocurrencies#economics #money #wealth #learn#bitcoin #blockchain #economicfreedom#prosper #cryptonomics #economy
#business #finance #motivation #smart#think #future

new insta official 3.png⠀⠀⠀⠀⠀⠀

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

✅ Enjoy the vote! For more amazing content, please follow @themadcurator for a chance to receive more free votes!

Congratulations @hunter5! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 50 upvotes. Your next target is to reach 100 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!