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Bitcoin Magazine
2018-12-20 15:30:14

Unbanked Iranian University Students Turn to Bitcoin to Pay Tuition

Stranded Iranian students in the United Kingdom have turned to Bitcoin as a tool to circumvent the economic sanctions placed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is among a bevy of Iranian students who can't pay their tuition fees and are completely stranded at school after Iran was hit with sanctions by U.S. President Donald Trump last month.Sadat and his fellow Iranian students are at risk of having their student visas revoked after the sanctions made it impossible for them to pay their tuition. While Sadat's family has the wherewithal to pay for his tuition, he is unable to get the required funds as the U.S.-imposed sanctions have disrupted cash transfers out of Iran.As a result, he was told by the management of the university that his only course of action is to make the trip back home over the yuletide period and return with the required tuition fees (a sum of £5,350) to make payments for the next academic term.    Sadat, who is in his final year at the university, said that he has already been warned five times concerning his fees, with threats of his suspension being mentioned as well. However, even if he were to travel home and get the money, returning with the cash — especially from a country that has been classified by the British Foreign Office as a high-risk nation — could also be difficult.One of Sadat's lecturers, Profes...