Iran Bans Trading Of Crypto's Mined Outside Country - Weird Regulation.
2021-05-07 | Eddy Morgan

Within a somewhat bizarre move from the CBI 'Central Bank of Iran', trading of
cryptocurrency mined outside the country has reportedly been banned.
In line with an official
announcement earlier on Thursday by a news media outlet, Iran International, the ban attempts to stymie capital flight from the country
that would be attributed to
the consequences of its depreciating national currency, the rial.
That’s
consistent with Fatemeh Fannizadeh, Swiss qualified independent practitioner and attorney at law, who spoke on the matter via
Twitter earlier today on Friday.

Iran has already banned
the utilization of crypto assets for payments, while the country’s financial institutions are
liberal to use cryptocurrency, derived from sanctioned miners, to
buy imports.
How
precisely the central bank intends
to manage the inflow of fungible cryptocurrency from outside the country’s borders still remains unclear for now.
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