Recent events in Iran's cryptocurrency market have revealed more complex problems deep within the country's digital economy. Along with the theft of millions of dollars, this incident showed that Iran's cryptocurrency economy is not just a market, but an extension of state power.
Redaksiya reports that leaked codes reveal the extent of state control and security measures in the cryptocurrency market. These codes indicate that control systems have been established, high-ranking officials are protected, and miners are mobilized in crisis situations. According to the information, the Iranian government uses the cryptocurrency market for its own interests, which severely undermines the market's transparency and freedom. Such control is also seen as part of Iran's attempts to circumvent international sanctions and manage its economy.
Experts state that such state control will negatively impact the development of Iran's cryptocurrency market. This will erode investor confidence and threaten the long-term sustainability of the market. Furthermore, such measures could lead to Iran's isolation from the international financial system.
Sevinc Kərimova