Gate Trade’s research seems to reflect that trend. The data showed that only 35 percent of the respondents to the survey receive their income through cryptocurrency mining. On the flip side, 58 percent of the surveyed bitcoiners earned their money through trading through exchange networks and grassroots money changers.
However, a staggering 70 percent of respondents showed a willingness to learn more about bitcoin mining indicating that there is still interest in the practice, even in the country’s precipitous regulatory climate.
Finally, the research announcement acknowledged that an increase in regulatory compliance efforts from international cryptocurrency exchange platforms is having an affect for Iran’s bitcoin community. As these exchanges ask for more user data, and potentially block those from countries that are under international sanctions, Iranian bitcoiners may be effectively unable to opt out of their fiat economies and choose cryptocurrency.
“The Iranian crypto market is shifting its dominant focus from global exchange platforms to local exchanges and miners, because most centralized exchanges with know-your-customer (KYC) compliance exclude Iranians,” per Gate Trade. “Roughly 83 percent of survey respondents said the community needed more robust access to exchanges in order to grow.”
All told, the data offers some more insight into the Bitcoin community in one of the world’s most interesting places for the technology’s growth.
The post New Research Offers Insight Into Iranian Bitcoiners appeared first on Bitcoin Magazine.
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