Report Indicates US is Confiscating 500 Bitcoin Held by Iranians

July 23, 2018

 

A report in Ibena from last week indicates that the US government is confiscating Bitcoins held by Iranians and the confiscation is ongoing. According to Sepehr Mohammadi from the Iranian Blockchain Community, the US has seized 500 bitcoins or more. In May of this year, it was reported that Iranians have purchased $2.5 billion worth of cryptocurrency so the BTC confiscated is just a drop in the bucket. 

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