Traders in Iran’s real estate market have recently turned to gold, coins, and digital currencies like Bitcoin (BTC) instead of using the rial to pay for property transactions. Using digital currencies in the real estate market is because sellers and landlords do not want to deal with the courts or rent control. Meanwhile, the vice president of the Real Estate Agents Union has reported the use of digital currencies, gold, and other currencies in transactions, while the secretary of the Real Estate and Property Market Regulation and Control Working Group emphasized that using the country’s official currency in all transactions is mandatory.
source: mehrnews.com
