Central Bank of Iran suggests Bitcoin could be banned

posted 7 months ago
The Central Bank of Iran appears set to prohibit “unapproved” cryptocurrencies from being used for payments in the country, a draft report says. According to a translation of the report titled Obligations and Rules Regarding Cryptocurrencies: “any cryptocurrency wallets… used… for holding and transferring cryptocurrencies... is forbidden.”

As it stands, the report is in its first draft and is not yet official policy within Iran. Plus, Iranians could be barred from holding large amounts of cryptocurrency in the same way they are officially restricted from owning more than 10,000 euros outside of their regulated bank accounts. The Iranian government may make an announcement concerning Bitcoin at the annual Electronic Banking and Payment Systems Conference, in Tehran on January 29th, 2019.
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