This just seems like really big news

Iran announced they are changing their laws to accept bitcoin.

The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports.

In laymen's terms, the government is now mining and accepting crypto.

Sees:

(Source: https://twitter.com/sunnydecree/status/1321815581339865088)

While the news by itself isn't earth shattering, it has far reaching implications in my opinion.

Iran is in the midst of US sanctions right now that has battered their economy. Them turning to bitcoin is a logical next step but it remains to be seen how the US might respond.

Many countries will likely turn to bitcoin and crypto to avoid US sanctions, which may force the US to do something.

The other potential implication here is that may eventually start using bitcoin as a settlement layer with other central banks.

A settlement layer for global trade.

Accepting it as a funding mechanism is the first step, the second step is starting to use it globally.

Either way, it's going to help usher forward a new era in bitcoin, crypto, and central bank involvement.

The next couple years are going to be wild!