Presumably, since May of this year, Iranian users are experiencing problems with access to crypto exchanges and other exchange platforms, Coindesk reports.
In particular, there are difficulties with access to Binance, Blockchain and LocalBitcoins, even when using VPN and other methods.
One of the Iranian enthusiasts, on condition of anonymity, told that it was all about new sanctions that would be imposed on the country in August and November.
Many people are using it [bitcoin] as a hedge instrument because buying BTC is easier than going into the black market to buy yourself US dollars.
Iranian Crypto Enthusiast
Another factor that spurred the Iranians' interest in crypto-currencies - annual inflation of rial reached 127 percent.
Most experts agree that the economic situation forces the Iranian authorities to restrictions on crypto-currencies. So, in April, as part of the anti-money laundering program in Iran, financial institutions were prohibited from working with cryptocurrencies. In May, the head of the economic committee under the Iranian government, Mohammed Reza Purbrahimi, warned the currency traders about the harm to the country's economy if they continue to spend billions of dollars on international sites.
Now, without warning, official Tehran has started a policy of restricting access. Anonymous sources also report that the government is inspecting user traffic with the help of tools for deep packet analysis. Thus, it plans to block access to exchanges even with the help of VPN.
Another source says the ban on the purchase and sale of cryptocurrency for rials, although people continue to do it in face-to-face meetings. When he was asked to describe the mood among the enthusiasts of cryptocurrency in Iran, he replied in one word: "Uncertainty."
All these events mark a sharp turn for the country that was on the verge of a cryptocurrency boom (in 2017 CoinDesk published a report according to which the Iranians believed in support of the crypto currency by the government). Moreover, just as in February of this year, blockchain startups worked actively with Iranian regulators to legalize cryptocurrency in the country.