Iranian Central Bank warns: Bitcoin trading illegal in Iran

AtlantisFX | The purchase and sale of cryptocurrencies, such as Bitcoin (BTC), is illegal in Iran, a senior government official said on July 8, according to a report by local news agency Tasnim News.

Nasser Hakimi, deputy governor of new technologies at the Central Bank of Iran (CBI), said bitcoin trading in the country is not legal. He also referred to a related ban on the local Anti-Money Laundering (AML) Authority, the Supreme Council for Combating and Preventing Money Laundering and Terrorist Financing.

In an interview with Tasnim News, Hakimi warned the public of legal and investment risks associated with Cryptocurrency trading. He also referred to the strong bitcoin volatility. In addition, the government official also expressed concerns about crypto advertising as it would promote Bitcoin pyramid schemes.


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