Economy, Business And Markets

Central Bank of Iran Expected to Lift Crypto Ban

The Central Bank of Iran’s deputy for innovative technologies reinforced months-long expectations that the regulator will soon legalize cryptocurrencies
CBI Expected to Lift Crypto Ban
CBI Expected to Lift Crypto Ban
The High Council of Anti-Money Laundering has announced CBI’s concerns over global allegations of money laundering and financing of terrorism, but it seems that the government is set to reconsider this blanket ban

When the Central Bank of Iran announces its new regulatory frameworks concerning virtual currencies, it is expected to lift a previous blanket ban on cryptocurrencies.
Nasser Hakimi, CBI's deputy for innovative technologies, reinforced a general expectation concerning the legalization of cryptocurrencies when he promised that related policies will be finalized and announced in less than a month. 
Addressing a blockchain and cryptocurrency conference in Tehran on Sunday, he said the regulator is looking at four aspects as part of its upcoming regulatory frameworks due by late September, IBENA reported.


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