Quote from: cryptofan999 on September 09, 2018, 04:02:22 PM

Although I think it might be a fake news, before deciding on this matter, you should know about this news very well and check that the incident is true. Because Bitcoin's prices are generally the same everywhere. But if there will be a another reason behind it.

You could if you had a bank account in Iran. However, it doesn't mean it'll make you a profit whatsoever.

I reckon the price hike is because most people in Iran currently are seeing the legalization and official recognition of bitcoin, and taking advantage of it as a means to buy foreign currencies and get out of their official currency which is relatively unstable, with an inflation level of over 200% P.A.

Usually when there is such a huge arbitrage opportunity like this which theoretically could work, it very rarely works practically. Since Iran's economy is unstable and most likely has capital controls, I think you'll struggle to get any Iranian rials out of the country. Illiquidity of the rial, capital control, as well as the fact demand is high within the market is why prices are so artificially high in the first place.