RATE Group | Disagreement Persists In Iranian Gov’t Regarding Mining Cryptocurrencies
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Disagreement Persists In Iranian Gov’t Regarding Mining Cryptocurrencies

Disagreement Persists In Iranian Gov’t Regarding Mining Cryptocurrencies

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An official from the Iranian Central Bank has said that trading using cryptocurrencies is illegal in the country, warning against advertisements luring people into purchasing and trading them.


“The sale and purchase of Bitcoin are illegal in Iran, and people should not engage in this,” the Central Bank of Iran’s deputy governor for new technologies, Nasser Hakimi, said in an interview with Tasnim on July 8.


Hakimi said that the Supreme Council on Countering Money Laundering prohibits the sale and purchase of Bitcoin in Iran and added that a distinction should be drawn between production and trade of cryptocurrencies. He also cautioned people against falling prey to advertisements and marketers of pyramid-style network companies that promote cryptocurrencies.


In April 2018, the Central Bank of Iran banned Iranian banks from dealing in foreign cryptocurrencies, including Bitcoin, saying in a statement that, “digital currencies have the option to be used for…

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