Iran’s authorities indicated on Saturday that they could intensify their crackdown on the biggest anti-government demonstrations in years, as the death toll rose to 65 and the Revolutionary Guards blamed the unrest on terrorists, vowing to safeguard the governing system. Major Iranian cities were gripped overnight by new mass rallies denouncing the Islamic Republic, as activists on expressed fear that authorities were intensifying their suppression of the demonstrations under the cover of an internet blackout. The two weeks of protests have posed one of the biggest challenges to the Iranian authorities, although Supreme Leader Ayatollah Ali Khamenei has expressed defiance and blamed the United States. Following the movement’s largest protests yet on Thursday, new demonstrations took place late Friday, according to images verified by AFP and other videos published on social media. This was despite an internet shutdown imposed by the authorities, with monitor Netblocks saying early on Saturday that “Iran has no...
Protests began in Iran in response to worsening economic conditions and as the Iranian rial hit record lows against the US dollar. Internet access in Iran was cut on Thursday by the government as protests spread across the Middle Eastern country, raising the question: Can its citizens still use crypto? Around seven million people, out of the country’s 92 million population, are estimated to be crypto users, according to Statista. TRM Labs tracked roughly $3.7 billion in total crypto flows in Iran between January and July 2025. But internet access has been cut off in the country as protests began over worsening economic conditions, and after the Iranian rial hit record lows against the US dollar. Read more
As Iran’s rial hits record lows, Bitcoin is resurfacing in public discourse. Its decentralized design is often cited as a contrast to state-managed fiat currencies. Iran’s 2025 currency collapse sharply reduced the rial’s purchasing power, eroding household savings, pushing prices higher and weakening confidence in the banking system. As fiat stress intensified, public debate in Iran widened to include financial alternatives. Bitcoin entered these discussions largely because it operates outside domestic monetary and banking frameworks. Historical cases from Argentina, Lebanon and Turkey point to a recurring pattern. When national currencies lose credibility, digital assets tend to receive greater attention in public discourse. Read more