Report Shows Massive Increase in Iranian Bitcoin Adoption Amid Nationwide Unrest

A new report from blockchain analytics firm Chainalysis indicates there has been a massive increase in Bitcoin adoption in Iran over the past month, as the country deals with nationwide unrest and protests. The report specifically looks at the increase in withdrawals from crypto exchanges to unknown Bitcoin addresses, which indicates the local population is avoiding centralized financial infrastructure in the country in favor of the decentralized, peer-to-peer digital cash system.

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