Russia is strengthening its leadership on LocalBitcoins, the major peer-to-peer exchange, in the share of Bitcoin (BTC) trading volumes. It has been reported by CryptoDiffer that Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020. BITCOIN INTEREST BY GEOGRAPHY IN APRIL We took a look at the #Bitcoin $BTC #BTC trading volume by countries on @LocalBitcoins in April. Data by @Coin_Dance pic.twitter.com/KzTTmPcnqX — Crypt

Iran’s new ‘Reforming Monetary and Banking Law’ has passed in parliament to launch a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges. On May 4, it has been reported by local outlet Mehr News that the new law dictates the transition from rial to the toman, valued at 10,000 rials, within the next two years. However, in 2018, the Iranian authorities set an official exchange rate at some 42,000 rial