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In October 2020, the Islamic Republic News Firm announced pending regulations that would need bitcoin miners in Iran to sell bitcoin to the Reserve bank of Iran, and the central bank would use it for imports. Iran, since October 2020, had released over 1,000 bitcoin mining licenses. The Iranian government originally took a position against cryptocurrency , however later altered it after seeing that electronic money might learn2trade telegram be utilized to circumvent assents. Bitcoin is pseudonymous, implying that funds are not linked to real-world entities however instead bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, yet all transactions on the blockchain are public. Furthermore, bitcoin exchanges, where bitcoins are traded for conventional money, might be needed by regulation to gather individual information.