Iranian Central Bank Bans Cryptocurrency Trading | Includes Bitcoin

According to foreign media reports, the Iranian State News Agency recently reported that due to the country’s attempt to stop the currency crisis, the Central Bank of Iran has banned banks in the country from engaging in cryptocurrency transactions including Bitcoin.

IRNA quoted a circular from the central bank as saying that 'banks, credit institutions and currency exchanges should avoid selling or buying these currencies, or take any action to promote these currencies.' The central bank was based on the encryption passed by the Iranian anti-money laundering agency last December. Issued by the currency ban.

Iran began to formally unify its official and open market exchange rates this month and banned the conversion of currencies outside banks. Earlier, due to fears of possible serious sanctions, the Iranian currency Lili City fell to the lowest point in history.

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