Iran’s Crypto Ban to Be Reversed by September With New Regulatory Framework Underway

  • Alex Dovbnya
    📰 News

    Iran is finally warming up to crypto while planning to issue its own rial-pegged currency. The Central Bank announced that it would lift an earlier imposed crypto ban


Iran’s Crypto Ban to Be Reversed by September With New Regulatory Framework Underway

After its April’s crackdown on digital assets, Iran is finally warming up to crypto while planning to issue its own rial-pegged currency. According to a local media outlet Financial Tribune, the Central Bank of Iran announced that it would lift an earlier imposed crypto ban by the end of this September.

Iran is currently designing a new regulatory framework for cryptocurrencies, which was discussed during a recent Blockchain conference. Digital assets were banned due to money laundering concerns and capital flight, but now Tehran is reviewing its position.

Earlier, U.Today reported that Iran has finalized its national cryptocurrency draft.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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