Iran bans dealing in cryptocurrencies

The Central Bank of Iran has banned dealing in cryptocurrencies, including Bitcoin.

کد خبر: ۷۹۳۰۶۰

تاریخ: ۰۴ ارديبهشت ۱۳۹۷ - ۰۹:۱۱

“Cryptocurrencies can be used in criminal activities such as money laundering, support for terrorism and money exchange between lawbreakers” the bank said in a statement reported by the country’s IRNA news agency.

According to the bank, the ban applies to all financial and monetary institutions in the country, including banks and exchange firms.

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The Associated Press reported on Monday that Iran has issued the decision “to control the local currency market which suffered a sharp fall in April”.

Many central banks around the world banned dealing in cryptocurrencies due to the lack of legal references.