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Iranian Financial Institutions Barred From Using Crypto-Currencies

The CBI decision is rooted in cryptocurrencies' shadier side and Iran's drive to adhere to global standards on transparency in financial transactions
Iranian Financial Institutions Barred From Using Crypto-Currencies Iranian Financial Institutions Barred From Using Crypto-Currencies
In addition to all banks and credit institutions, the ban also obligates money exchangers to refrain from any measures to facilitate or promote virtual currencies

The Central Bank of Iran has officially prohibited all financial institutions, including banks and credit institutions, from handling cryptocurrencies.
According to a statement published on CBI's official website on Sunday, the decision to ban all monetary and financial institutions from using Bitcoin and other cryptocurrencies was taken during the 30th meeting of the High Council of Anti-Money Laundering on Dec. 30, 2017.
The CBI decision is rooted in cryptocurrencies' shadier side and Iran's drive to adhere to global standards on transparency in financial transactions.

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