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Peer-to-peer bitcoin exchanges have established themselves as one of the few viable trading platforms for bitcoin investors in less developed or emerging markets. In struggling economies, such as Venezuela, they can even serve as a lifeline for cash-strapped citizens. However, despite the peer-to-peer ethos of these platforms, they are not immune to the geopolitical levers of the state, as Iranian bitcoin users discovered last week. On May 24, when accessing the Iranian section of LocalBitcoins, users in Iran were met with the following statement: “Unfortunately LocalBitcoins is currently not available in your selected region. Please look for another location or come back later.”Read the details on Brave New Coin
