Iran Central bank Fire
Central Bank Branch Of Iran Set On Fire, Crypto Community Closely Follows The Developments
November 18, 2019
Iran Central bank Fire
Central Bank Branch Of Iran Set On Fire, Crypto Community Closely Follows The Developments
November 18, 2019

Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments.

However, BeingLibertarian, the official twitter profile of libertarian Media Company, published a video of what is presumably a branch of Iran’s Central Bank in Behbahan, in the southwest of the country, being set on fire amid protests.

Interestingly, the reaction to the tweet was overwhelmingly positive, with one user saying:

“We might consider trying that here!! More effective than trying to audit it.”

While one user answered with the single word Bitcoin to the video posted on Twitter, the presence of the cryptocurrency community is seemingly limited among those following the events. 

Likewise, a link to the tweet has found its way onto the Cryptocurrencies and Bitcoin subreddits. The post was then upvoted by 78% in the first and 64% in the second community. 

ALSO READ :  Trustology Extends Custodial Wallet Support To Binance Chain

On November 16, it has been reported by ThePortal, a News Outlet which dedicated to Islamist movements, that the building was set on fire amid ongoing demonstrations against the government’s surprise decision to ration petrol and increase its price by over 50%.

However, Hassan Rouhani, the President of Iran, defended the measure by claiming that it is good for the local population.

Fuel consumption has been limited to 60 liters (almost 16 gallons) per vehicle per month, down from the previous limit of 250 litres and prices spiked to 15,000 rials ($0.36).

Furthermore, every litre over the 60-litre limit is subject to a penalty cost of 60,000 rials ($1.43).

Likewise, in the city of Sirjan in central Iran, the protesters also tried to set a fuel warehouse on fire as well. As per the report, state media claim that one civilian was killed and several others injured and the demonstrations ended by midnight.

Thus, it has also been reported in July 2019 that the United States is seemingly motivated to impose sanctions on Iranian cryptocurrency mining operations.

ALSO READ :  Lazarus Attacks Crypto And Blockchain Talents Through Professional Social Network LinkedIn

Source: theportal-center.com | cointelegraph.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!