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.
April 22, 2018 19:06
0
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
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
You can also read ...
Add new comment