Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings
Citing money laundering concerns, the Central Bank of Iran (CBI) has banned the country’s banks from offering services to crypto firms or dealing in cryptocurrencies.
The CBI’s supreme committee, also in charge of curbing money laundering and fighting capital flight in Iran, has issued a circular prohibiting banks and financial institutions from transactions that enable buying, selling or promoting cryptocurrencies, the Islamic Republic News Agency (IRNA) reported Sunday.