Iran bans banks from dealing in cryptos
The central bank cites money-laundering concerns but the news comes as the rial hits an all-time low and black market dollar-buying is surging/ Iran’s central bank has banned the country’s banks from dealing in crypto-currencies because of money-laundering concerns, the state news agency IRNA The news comes, however, as Iran’s currency hit an all-time low. Since September 2017 the rial has weakened against the US dollar by more than 60% as the United States Treasury continues to levy strict economic sanctions against Iranian entities and ...
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