Fintechs Warn Against Crypto Ban

The Iranian Fintech Association, a non-government body formed by fintech startups, has responded to measures announced by the Central Bank of Iran to block payment gateways of cryptocurrency exchange websites. 
It urged the CBI to focus on the bigger picture when it comes to innovative technologies, as hasty measures would kill opportunities for the national economy, a letter published on the association’s website said. 
Last week the regulator in line with the government’s anti-money laundering measures ordered Shaparak, the local payment settlement network, to block online payment gateways owned by crypto exchange websites.  
As per law trade in cryptocurrency is banned in Iran.