Iran bans cryptocarrency
The BBC has reported that this step has been taken from the concern that this technology can be used illegally.
It is said by the Central Bank of Iran that Bitcoin can be "through currency and financial terror activities". At the same time it is also said that "criminals may be the means of money transactions".
In the beginning of April this year, the value of the Iranian currency is at the lowest level of all time.
Now banks, lenders and currency exchange centers in the country must avoid any kind of trading of digital currency.
Some people in the country saw cryptocarnation as a way for Iran to spend problems with the bank sector and international sanctions. The new move for them is a big push, it has been said in the British media report.
In February this year, the Information and Communication Technology Minister Mohammad Javed Azari Zahuromi announced an announcement on Iran's plans to build its own virtual currency. Iran's cyber security authority also supported the project. When properly controlled, the virtual currency was then told to support the organization.
But it did not allow Iran's Central Bank. At that time, the bank said to the state media that cryptanacerni's "reckless eagle" and "pyramid schemes" made the virtual currency market "unreliable and risky".
Earlier this month, the Central Bank of India has issued a similar ban for cryptorchonic trading.
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Welcome to Steemit @omar-faruk :)
It seemed as they were always against it! Great share! @omar-faruk
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